Sec Form 4 Filing - KERCHO RANDY @ FOSSIL INC - 2007-03-13

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 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 KERCHO RANDY 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) Executive Vice President (Last) (First) (Middle) 2280 N. GREENVILLE AVE. 3. Date of Earliest Transaction (MM/DD/YY) 03/13/2007 (Street) RICHARDSON, TX75082 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 03/13/2007 F 1,231 D $ 0 170,355 ( 1 ) D Common Stock 13,500 I Custodian for minor child

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 12,000 12,000 D Stock Options (Right to buy) $ 4.3333 01/12/1999 01/12/2008 Common Stock 75,942 75,942 D Stock Options (Right to buy) $ 4.9723 10/25/2003 10/25/2010 Common Stock 56,248 56,248 D Stock Options (Right to buy) $ 7.1111 02/02/2001 02/02/2010 Common Stock 44,998 44,992 D Stock Options (Right to buy) $ 8.0185 02/12/2000 02/12/2009 Common Stock 50,626 50,626 D Stock Options (Right to buy) $ 9.2223 01/14/2003 01/14/2012 Common Stock 56,249 56,249 D Stock Options (Right to buy) $ 11.6667 02/24/2004 02/24/2013 Common Stock 37,500 37,500 D Stock Options (Right to buy) $ 19.1333 02/23/2005 02/23/2014 Common Stock 33,749 33,749 D Stock Options (Right to buy) $ 25.77 03/08/2006 03/08/2015 Common Stock 22,500 22,500 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other KERCHO RANDY 2280 N. GREENVILLE AVE. RICHARDSON, TX75082 Executive Vice President Signatures RANDY S KERCHO 03/15/2007 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Includes 32,877 shares of restricted stock, 2,400 restricted stock units and 6,978 shares held indirectly through a 401(k) plan account as of December 31, 2006.

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).

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