SEC Form 5
FORM 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
 Form 3 Holdings Reported.
X
 Form 4 Transactions Reported.
1. Name and Address of Reporting Person*
KARTSOTIS TOM
(Last) (First) (Middle)
2280 N. GREENVILLE AVENUE
(Street)
RICHARDSON TX 75082
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FOSSIL INC [ FOSL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chairman
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
01/05/2008
4. If Amendment, Date of 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
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 at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Amount (A) or (D) Price
Common Stock 01/03/2007 G(1) 8,500 D $0 4,995,596 D
Common Stock 02/22/2007 G(1) 1,000 D $0 4,994,596 D
Common Stock 02/28/2007 J(2) 1,462,998 A $0 6,457,594 D
Common Stock 03/20/2007 G(1) 2,500 D $0 6,455,094 D
Common Stock 03/22/2007 G(1) 4,000 D $0 6,451,094 D
Common Stock 03/29/2007 G(1) 10,000 D $0 6,441,094 D
Common Stock 05/11/2007 G(1) 807 D $0 6,440,287 D
Common Stock 11/26/2007 G(1) 11,403 D $0 6,428,884 D
Common Stock 11/29/2007 J(3) 1,126,288 A $0 7,555,172 D
Common Stock 12/11/2007 G(1) 1,000 D $0 7,554,172 D
Common Stock 02/28/2007 J(4) 1,462,998 D $0 2,537,002 I by GRAT
Common Stock 11/29/2007 J(5) 2,537,002 D $0 0 I by GRAT
Common Stock 2,679,580 I by Spouse
Common Stock 12/18/1997 G4(6) 30,541 A $0 63,521 I Minor Child
Common Stock 11/29/2007 J(7) 1,410,714 A $0 1,897,338 I Tom Kartsotis as Joint Trustee of The Kartsotis Family Irrevocable Family Trust
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Bona fide gift without consideration of any kind.
2. This transaction is reported as an acquisition, however it is a change in beneficial ownership. Under the terms of a Grantor Retained Annuity Trust ("GRAT"), 1,462,998 shares were transferred to Mr. Tom Kartsotis, as beneficiary of the GRAT.
3. This transaction is reported as an acquisition, however it is a change in beneficial ownership. Under the terms of a GRAT, 1,126,288 shares were transferred to Mr. Tom Kartsotis, as beneficiary of the GRAT.
4. This transaction is reported as a disposition, however it is a change in beneficial ownership. Under the terms of a GRAT, 1,462,998 shares were transferred to Mr. Tom Kartsotis, as beneficiary of the GRAT.
5. This transaction is reported as a disposition, however it is a change in beneficial ownership. Under the terms of a GRAT, 1,126,288 shares were transferred to Mr. Tom Kartsotis, as beneficiary of the GRAT, and the remaining 1,410,714 shares were transferred to Mr. Tom Kartsotis as Joint Trustee of The Kartsotis Family Irrevocable Family Trust.
6. Subsequent to December 18, 1997, a total of 30,541 shares attributable to minor children were inadvertently omitted due to administrative error.
7. This transaction is reported as an acquisition, however it is a change in beneficial ownership. Under the terms of a GRAT, 1,410,714 shares were transferred to Mr. Tom Kartsotis as Joint Trustee of The Kartsotis Family Irrevocable Family Trust.
Randy S. Hyne, Attorney-in-Fact 02/14/2008
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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