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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1. Name and Address of Reporting Person * QUICK MARK   2. Issuer Name and Ticker or Trading Symbol FOSSIL INC [FOSL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Vice Chairman (Last) (First) (Middle) 2280 N. GREENVILLE AVE. 3. Date of Earliest Transaction (Month/Day/Year) 11/16/2007 (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 11/16/2007   M   38,250 A $ 11.7133 86,794 (1) D   Common Stock 11/16/2007   M   30,248 A $ 12.0667 117,042 (1) D   Common Stock 11/16/2007   M   36,000 A $ 22.1733 153,042 (1) D   Common Stock 11/16/2007   M   16,000 A $ 25.77 169,042 (1) D   Common Stock 11/16/2007   S   120,498 D $ 41.205 48,544 (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 Options (Right to buy)

$ 11.7133

11/16/2007

M

38,250

09/11/2007

02/24/2013

Common Stock

38,250

(2)

12,750

D

Stock Options (Right to buy)

$ 12.0667

11/16/2007

M

30,248

09/11/2007

01/14/2012

Common Stock

30,248

(2)

0

D

Stock Options (Right to buy)

$ 22.1733

11/16/2007

M

36,000

09/11/2007

02/23/2014

Common Stock

36,000

(2)

24,000

D

Stock Options (Right to buy)

$ 25.77

11/16/2007

M

16,000

03/08/2006

03/08/2015

Common Stock

16,000

(2)

24,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
QUICK MARK 2280 N. GREENVILLE AVE. RICHARDSON, TX 75082			Vice Chairman

Signatures

MARKQUICK		11/20/2007
**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 19,400 shares of restricted stock, 27,320 restricted stock units and 1,824 shares held indirectly through a 401(k) account as of June 30, 2007.
(2)	Not applicable.

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