GUESS INC — Director's Dealing 2010

Jul 14, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GUESS INC (GES)
CIK: 0000912463
Period of Report: 2010-07-12

Reporting Person: ALBERINI CARLOS (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-07-12	Common Stock	M	12200	$18.10	Acquired	96491	Direct
2010-07-12	Common Stock	M	22500	$22.03	Acquired	118991	Direct
2010-07-12	Common Stock	S	102379	$32.8334	Disposed	16612	Direct
2010-07-13	Common Stock	S	11612	$33.6666	Disposed	5000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-07-12	Employee Stock Option (right to buy)	$18.10	M	12200	Disposed	2010-07-31	Common Stock (12200)	Direct
2010-07-12	Employee Stock Option (right to buy)	$22.03	M	22500	Disposed	2010-07-31	Common Stock (22500)	Direct

Footnotes

F1: The reported price represents the weighted average price for shares sold in multiple transactions ranging from $32.6250 to $33.13. The details of the amounts and prices will be provided to the Issuer, any shareholders of the Issuer or the SEC on request.

F2: The reported price represents the weighted average price for shares sold in multiple transactions ranging from $33.61 to $33.70. The details of the amounts and prices will be provided to the Issuer, any shareholders of the Issuer or the SEC on request.

F3: This option vested in four equal installments on each January 1 of 2007, 2008, 2009 and 2010.

F4: This option became exercisable as to 22,500 shares on December 31, 2009. The remaining option shares have cancelled.