GUESS INC — Director's Dealing 2010

May 3, 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 MAURICE (Director, Chairman of the Board, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-29	Common Stock	A	48900	—	Acquired	88050	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	67900	Acquired	2020-04-29	Common Stock (67900)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12166928	Indirect
Common Stock	1164970	Indirect
Common Stock	2200000	Indirect
Common Stock	70	Indirect

Footnotes

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

F2: 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.

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: 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.

F6: The option vests in four equal installments on December 31 of each 2010, 2011, 2012 and 2013.