GUESS INC - Director's Dealing 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GUESS INC (GES)
CIK: 0000912463
Period of Report: 2008-04-02

Reporting Person: ALBERINI CARLOS (Director, President & COO)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-04-02	Common Stock	A	30000	—	Acquired	68570	Direct
2008-04-02	Common Stock	F	12095	$42.05	Disposed	56475	Direct
2008-04-03	Common Stock	A	26500	—	Acquired	82975	Direct
2008-04-03	Common Stock	M	100000	$3.655	Acquired	182975	Direct
2008-04-03	Common Stock	S	500	$41.59	Disposed	182475	Direct
2008-04-03	Common Stock	S	16800	$41.60	Disposed	165675	Direct
2008-04-03	Common Stock	S	1100	$41.61	Disposed	164575	Direct
2008-04-03	Common Stock	S	1600	$41.62	Disposed	162975	Direct
2008-04-03	Common Stock	S	1300	$41.63	Disposed	161675	Direct
2008-04-03	Common Stock	S	3300	$41.64	Disposed	158375	Direct
2008-04-03	Common Stock	S	300	$41.645	Disposed	158075	Direct
2008-04-03	Common Stock	S	3387	$41.65	Disposed	154688	Direct
2008-04-03	Common Stock	S	200	$41.655	Disposed	154488	Direct
2008-04-03	Common Stock	S	2992	$41.66	Disposed	151496	Direct
2008-04-03	Common Stock	S	900	$41.6601	Disposed	150596	Direct
2008-04-03	Common Stock	S	200	$41.665	Disposed	150396	Direct
2008-04-03	Common Stock	S	2821	$41.67	Disposed	147575	Direct
2008-04-03	Common Stock	S	200	$41.675	Disposed	147375	Direct
2008-04-03	Common Stock	S	3000	$41.68	Disposed	144375	Direct
2008-04-03	Common Stock	S	500	$41.685	Disposed	143875	Direct
2008-04-03	Common Stock	S	1400	$41.69	Disposed	142475	Direct
2008-04-03	Common Stock	S	100	$41.695	Disposed	142375	Direct
2008-04-03	Common Stock	S	5500	$41.70	Disposed	136875	Direct
2008-04-03	Common Stock	S	200	$41.705	Disposed	136675	Direct
2008-04-03	Common Stock	S	400	$41.71	Disposed	136275	Direct
2008-04-03	Common Stock	S	1100	$41.72	Disposed	135175	Direct
2008-04-03	Common Stock	S	300	$41.73	Disposed	134875	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-04-03	Employee Stock Option (right to buy)	$41.71	A	25000	Acquired	2018-04-03	Common Stock (25000)	Direct
2008-04-03	Employee Stock Option (right to buy)	$3.655	M	100000	Disposed	2013-07-29	Common Stock (100000)	Direct

F1: Received upon achievement of a previously established earnings per share growth target.

F2: Not applicable.

F3: Includes 660 shares acquired March 28, 2008 under a tax conditioned plan and not required to be reported pursuant to Rule 16b-3(c).

F4: Acquired pursuant to Issuer's employee equity incentive plan.

F5: The option vests 25% each December 31 of each 2008, 2009, 2010 and 2011.

F6: The option vested in four equal installments on July 29, 2004, 2005, 2006 and 2007.