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: MARCIANO MAURICE (Director, Chairman of the Board, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-04-03	Common Stock	A	58300	—	Acquired	120100	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	68700	Acquired	2018-04-03	Common Stock (68700)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14428792	Indirect
Common Stock	1914970	Indirect
Common Stock	3199256	Indirect
Common Stock	20000	Indirect
Common Stock	70	Indirect

Footnotes

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

F2: Not applicable.

F3: Shares are held by the Maurice Marciano Trust (2005 Restatement), a revocable trust of which the reporting person is the sole trustee and sole beneficiary and has the exclusive pecuniary interest.

F4: Shares are held by Marciano Financial Holdings II, LLC in accounts specifically allocated to trusts for the benefit of the reporting person and his children.

F5: Shares are held by MNM Capital Holdings, LLC in accounts specifically allocated to trusts for the benefit of the reporting person and his children.

F6: Held by Maurice Marciano Gift Trust FBO Caroline Marciano, of which the reporting person is the sole trustee.

F7: The option vests in four equal installments on December 31 of each 2008, 2009, 2010 and 2011.