GUESS INC — Director's Dealing 2010

Dec 22, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GUESS INC (GES)
CIK: 0000912463
Period of Report: 2010-12-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-16	Common Stock	G	77000	—	Disposed	12089928	Indirect
2010-12-20	Common Stock	G	20650	—	Disposed	12069278	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-25	Call Option (obligation to sell)	$50.00	E	5217	Disposed	2010-10-25	Common Stock (521700)	Indirect
2010-10-26	Call Option (obligation to sell)	$50.00	E	348	Disposed	2010-10-26	Common Stock (34800)	Indirect
2010-11-01	Call Option (obligation to sell)	$50.00	E	871	Disposed	2010-11-01	Common Stock (87100)	Indirect
2010-11-01	Call Option (obligation to sell)	$50.00	E	162	Disposed	2010-11-01	Common Stock (16200)	Indirect
2010-11-05	Call Option (obligation to sell)	$50.00	E	3402	Disposed	2010-11-05	Common Stock (340200)	Indirect
2010-12-17	Call Option (obligation to sell)	$50.00	S	2566	Disposed	2011-07-18	Common Stock (256600)	Indirect
2010-12-17	Call Option (obligation to sell)	$50.00	S	2566	Disposed	2011-07-18	Common Stock (256600)	Indirect
2010-12-20	Call Option (obligation to sell)	$50.00	S	2800	Disposed	2011-07-20	Common Stock (280000)	Indirect
2010-12-21	Call Option (obligation to sell)	$50.00	S	2068	Disposed	2011-07-21	Common Stock (206800)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	88050	Direct
Common Stock	1164971	Indirect
Common Stock	2200000	Indirect
Common Stock	70	Indirect

Footnotes

F1: Securities 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.

F2: 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.

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

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

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