Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
SECOR DENNIS R
  2. Issuer Name and Ticker or Trading Symbol
GUESS INC [GES]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP & CFO
(Last)
(First)
(Middle)
C/O GUESS?, INC., 1444 SOUTH ALAMEDA STREET
3. Date of Earliest Transaction (Month/Day/Year)
12/03/2012
(Street)

LOS ANGELES, CA 90021
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/03/2012   M   20,000 A $ 21.62 76,968 (1) D  
Common Stock 12/03/2012   M   10,000 A $ 22.03 86,968 D  
Common Stock 12/03/2012   S   30,000 D $ 25.63 (2) 56,968 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $ 21.62 12/03/2012   M     20,000   (3) 10/30/2018(4) Common Stock 20,000 $ 0 0 D  
Employee Stock Option (right to buy) $ 22.03 12/03/2012   M     10,000   (5) 04/14/2019(4) Common Stock 10,000 $ 0 5,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SECOR DENNIS R
C/O GUESS?, INC.
1444 SOUTH ALAMEDA STREET
LOS ANGELES, CA 90021
      SVP & CFO  

Signatures

 /s/ Jason T. Miller (attorney-in-fact)   12/05/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Includes 579 shares acquired under a tax-conditioned plan and not required to be reported pursuant to Rule 16b-3(c).
(2) The reported price represents the weighted average price for shares sold in multiple transactions ranging from $25.525 to $25.76. The details of the amounts and prices will be provided to the Issuer, any shareholders of the Issuer or the SEC on request.
(3) This option vested in four equal installments on March 29, 2010 and October 30 of 2010, 2011 and 2012.
(4) As previously announced by the Issuer, Mr. Secor has resigned from his positions with the Issuer effective December 7, 2012. Under the terms of the Issuer's equity incentive plan, any vested options not exercised within 60 days of Mr. Secor's termination date shall be forfeited.
(5) This option vests in four equal installments on December 31 of 2009, 2010, 2011 and 2012.

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