GUESS INC — Director's Dealing 2008

Apr 1, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GUESS INC (GES)
CIK: 0000912463
Period of Report: 2008-03-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-03-27	Common Stock	S	25000	$40.56	Disposed	14653792	Indirect
2008-03-31	Common Stock	S	50000	$40.05	Disposed	14603792	Indirect
2008-03-31	Common Stock	S	75000	$40.20	Disposed	14528792	Indirect
2008-03-31	Common Stock	S	100000	$40.00	Disposed	14428792	Indirect
2008-03-27	Common Stock	S	25000	$40.56	Disposed	3674256	Indirect
2008-03-31	Common Stock	S	50000	$40.05	Disposed	3624256	Indirect
2008-03-31	Common Stock	S	75000	$40.20	Disposed	3549256	Indirect
2008-03-31	Common Stock	S	100000	$40.00	Disposed	3449256	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2039970	Indirect
Common Stock	61800	Direct
Common Stock	20000	Indirect
Common Stock	70	Indirect

Footnotes

F1: 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. Reflects changes in form of indirect ownership that are exempt pursuant to Rule 16a-13 under the Securities Exchange Act of 1934 since there was no change in pecuniary interest.

F2: Shares are held by MNM Capital Holdings, LLC in accounts specifically allocated to trusts for the benefit of the reporting person and his children.

F3: 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.

F4: Reflects changes in form of ownership that are exempt pursuant to Rule 16a-13 under the Securities Exchange Act of 1934 since there was no change in pecuniary interest.

F5: Held by Maurice Marciano Gift Trust FBO Caroline Marciano, of which the reporting person is the sole trustee.