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 *
BARNES MICHAEL W
   2. Issuer Name and Ticker or Trading Symbol
FOSSIL INC [FOSL] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President and COO
(Last)
(First)
(Middle)
2280 N. GREENVILLE AVE.		 3. Date of Earliest Transaction (Month/Day/Year)
09/17/2007
(Street)

RICHARDSON, TX 75082		 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 09/17/2007   S   2,702 D $ 36.03 128,983 (1) D  
Common Stock 09/17/2007   S   398 D $ 36.04 128,585 (1) D  
Common Stock 09/17/2007   S   778 D $ 36.05 127,807 (1) D  
Common Stock 09/17/2007   S   722 D $ 36.06 127,085 (1) D  
Common Stock 09/17/2007   S   900 D $ 36.07 126,185 (1) D  
Common Stock 09/17/2007   S   1,500 D $ 36.08 124,685 (1) D  
Common Stock 09/17/2007   S   500 D $ 36.09 124,185 (1) D  
Common Stock 09/17/2007   S   100 D $ 36.095 124,085 (1) D  
Common Stock 09/17/2007   S   6,500 D $ 36.1 117,585 (1) D  
Common Stock 09/17/2007   S   2,000 D $ 36.11 115,585 (1) D  
Common Stock 09/17/2007   S   1,900 D $ 36.12 113,685 (1) D  
Common Stock 09/17/2007   S   4,506 D $ 36.13 109,179 (1) D  
Common Stock 09/17/2007   S   294 D $ 36.14 108,885 (1) D  
Common Stock 09/17/2007   S   100 D $ 36.145 108,785 (1) D  
Common Stock 09/17/2007   S   100 D $ 36.15 108,685 (1) D  
Common Stock 09/17/2007   S   700 D $ 36.155 107,985 (1) 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
Stock Appreciation Right $ 18.41             02/19/2007 02/19/2014 Common Stock 24,000   24,000 D  
Stock Appreciation Right $ 22.63             02/01/2008 02/01/2015 Common Stock 40,000   40,000 D  
Stock Appreciation Right $ 31.24             06/01/2008 06/01/2015 Common Stock 36,000   36,000 D  
Stock Options (Right to buy) $ 4.9723             10/25/2003 10/25/2010 Common Stock 39,373   39,373 D  
Stock Options (Right to buy) $ 7.1111             02/02/2001 02/02/2010 Common Stock 11,250   11,250 D  
Stock Options (Right to buy) $ 9.2223             01/14/2003 01/14/2012 Common Stock 31,499   31,499 D  
Stock Options (Right to buy) $ 11.6667             02/24/2004 02/24/2013 Common Stock 51,000   51,000 D  
Stock Options (Right to buy) $ 19.1333             02/23/2005 02/23/2014 Common Stock 60,000   60,000 D  
Stock Options (Right to buy) $ 25.77             03/08/2006 03/08/2015 Common Stock 40,000   40,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BARNES MICHAEL W
2280 N. GREENVILLE AVE.
RICHARDSON, TX 75082		   X     President and COO  

Signatures

 MICHAEL W BARNES   09/19/2007
**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 68,929 shares of restricted stock, 36,320 restricted stock units and 2,009 shares held through a 401(k) plan account as of June 30, 2007.

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