GUESS INC — Director's Dealing 2008

Apr 7, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GUESS INC (GES)
CIK: 0000912463
Period of Report: 2008-04-03

Reporting Person: Relich Michael (SVP & CIO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-04-03	Common Stock	A	5400	—	Acquired	32552	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-04-03	Employee Stock Option (right to buy)	$41.71	A	4600	Acquired	2018-04-03	Common Stock (4600)	Direct

Footnotes

F1: Acquired pursuant to Issuer's employee equity incentive plan.

F2: Not applicable.

F3: Includes 152 shares acquired March 28, 2008 under a tax conditioned plan and not required to be reported pursuant to Rule 16b-3(c).

F4: The option vests in four equal installments on December 31 of each 2008, 2009, 2010 and 2011.