GUESS INC — Director's Dealing 2010

May 4, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GUESS INC (GES)
CIK: 0000912463
Period of Report: 2010-04-29

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-29	Common Stock	A	30500	—	Acquired	46650	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-29	Employee Stock Option (right to buy)	$47.94	A	33900	Acquired	2020-04-29	Common Stock (33900)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7292661	Indirect
Common Stock	1164972	Indirect
Common Stock	1581700	Indirect
Common Stock	4733	Indirect
Common Stock	2000000	Indirect

Footnotes

F1: Acquired pursuant to Issuer's employee equity incentive plan.

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 Marciano Financial Holdings II, LLC in accounts specifically allocated to trusts for the benefit of the reporting person and his minor children.

F4: 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.

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.

F6: Share are held by G Financial Holdings, LLC which is indirectly owned by the reporting person.

F7: The option vests in four equal installments on December 31 of each 2010, 2011, 2012 and 2013.