GUESS INC — Director's Dealing 2010

Apr 3, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GUESS INC (GES)
CIK: 0000912463
Period of Report: 2010-03-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-31	Common Stock	S	45000	$47.40	Disposed	13426928	Indirect
2010-04-01	Common Stock	S	75000	$47.05	Disposed	13351928	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-31	Call Option (obligation to sell)	$50.00	S	453	Disposed	2010-11-01	Common Stock (45300)	Indirect
2010-03-31	Call Option (obligation to sell)	$50.00	S	418	Disposed	2010-11-01	Common Stock (41800)	Indirect
2010-04-01	Call Option (obligation to sell)	$50.00	S	162	Disposed	2010-11-01	Common Stock (16200)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	39150	Direct
Common Stock	1164970	Indirect
Common Stock	2600000	Indirect
Common Stock	70	Indirect

Footnotes

F1: The reported price represents the weighted average price for shares sold in multiple transactions ranging from $47.02 to $47.10. The details of the amounts and prices will be provided to the Issuer, any shareholders of the Issuer or the SEC on request.

F2: 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.

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.