GUESS INC — Director's Dealing 2010

Mar 29, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GUESS INC (GES)
CIK: 0000912463
Period of Report: 2010-03-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-25	Common Stock	S	100000	$47.82	Disposed	13471928	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-25	Call Option (obligation to sell)	$50.00	S	261	Disposed	2010-10-25	Common Stock (26100)	Indirect
2010-03-25	Call Option (obligation to sell)	$50.00	S	4956	Disposed	2010-10-25	Common Stock (495600)	Indirect
2010-03-26	Call Option (obligation to sell)	$50.00	S	348	Disposed	2010-10-26	Common Stock (34800)	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: 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.

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.