GUESS INC — Director's Dealing 2009

Dec 17, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GUESS INC (GES)
CIK: 0000912463
Period of Report: 2009-12-14

Reporting Person: MARCIANO PAUL (Director, Vice Chairman & CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-12-14	Common Stock	S	50000	$44.40	Disposed	1364972	Indirect
2009-12-16	Common Stock	S	50000	$44.03	Disposed	1314972	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	36925	Direct
Common Stock	9199920	Indirect
Common Stock	1681700	Indirect
Common Stock	118511	Indirect
Common Stock	4733	Indirect

Footnotes

F1: Shares are held by Marciano Financial Holdings II, LLC in accounts specifically allocated to trusts for the benefit of the reporting person and his minor children.

F2: Shares are held by the Paul Marciano Trust dated 2/20/86, a revocable trust of which the reporting person is the sole trustee and sole beneficiary and has the exclusive pecuniary interest.

F3: Shares are held by NRG Capital Holdings, LLC in accounts specifically allocated to trusts for the benefit of the reporting person and his minor children.

F4: Shares are held by JS Capital Holdings, LLC which is owned by the reporting person and three annuity trusts for his benefit. The reporting person has investment control over all of these shares.

F5: Shares are held by JS GRAT, a grantor retained annuity trust of which the reporting person acts as investment advisor and has sole investment power.