1. Name and Address of Reporting Person
KERCHO, RANDY S.
2280 N. Greenville Avenue
Richardson, TX 75082
2. Issuer Name and Ticker or Trading Symbol
Fossil Inc. (FOSL)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Day/Year
02/24/2003
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner
(X) Officer (give title below) ( ) Other (specify below)
Executive Vice President
7. 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 |2. Trans- |2A.Execu- |3. Trans-|4. Securities Acquired (A)|5. Amount of |6. Owner- |7. Nature |
| | action | action | action| or Disposed of (D) |Securities | ship | of In- |
| | Date | Date | Code | |Beneficially | Form: | direct |
| | | | | |Owned | Direct | Bene- |
| | (Month/ | (Month/ | | |Following | (D) or | ficial |
| | Day/ | Day/ +-----+---+-----------+---+----------+Reported | Indirect| Owner- |
| | Year) | Year) |Code |V |Amount |A/D|Price |Transaction(s)| (I) | ship |
+------------------------------+----------+----------+-----+---+-----------+---+----------+--------------+-----------+------------+
Common Stock 02/24/2003 A 5000 A $0.0000 16250 D
Common Stock 9000 I Custodian for
minor child
TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
+----------+--------+-------+-------+---------+-----------+---------------------+----------------+----------+-------+-------+------+
|1. |2. |3. |3A. |4. |5. |6. |7. |8. |9. |10. |11. |
| | | | | | | | | |Number |Owner- | |
| | | | | | | | | |of |ship | |
| | | | | | | | | |Deriv- |Form of| |
| | | | | | | |Title and Amount| |ative |Deriv- | |
| | | | | | | |of Underlying | |Secur- |ative |Nature|
| |Conver- |Trans- |Execu- | |Number of | |Securities | |ities |Secur- |of |
| |sion or |action |tion | |Derivative |Date Exercisable +-------+--------+ |Benefi-|ity: |In- |
| |Exercise|Date |Date | |Securities |and Expiration Date | |Amount | |cially |Direct |direct|
| |Price of| | |Transac- |Acquired(A)|(Month/Day/Year) | |or | |Owned |(D) or |Bene- |
|Title of |Deriv- |(Month/|(Month/|tion Code|Disposed(D)+----------+----------+ |Number |Price of | |In- |ficial|
|Derivative|ative | Day/ | Day/ +------+--+-----+-----+Date Exer-|Expira- | |of |Derivative| |direct |Owner-|
|Security |Security|Year) |Year) |Code |V |(A) |(D) |cisable |tion Date |Title |Shares |Security | |(I) |ship |
+----------+--------+-------+-------+------+--+-----+-----+----------+----------+-------+--------+----------+-------+-------+------+
Stock $1.963 01/10/2006 Common 14850 D
Options Stock
(Right to
buy)
Stock $2.4445 08/30/2006 Common 84378 D
Options Stock
(Right to
buy)
Stock $3.7038 02/06/2007 Common 33752 D
Options Stock
(Right to
buy)
Stock $3.8704 01/03/2005 Common 25312 D
Options Stock
(Right to
buy)
Stock $6.5 01/12/2008 Common 50625 D
Options Stock
(Right to
buy)
Stock $7.4584 10/25/2010 Common 37499 D
Options Stock
(Right to
buy)
Stock $10.6667 02/02/2010 Common 29999 D
Options Stock
(Right to
buy)
Stock $12.0278 02/12/2009 Common 33751 D
Options Stock
(Right to
buy)
Stock $13.8334 01/14/2012 Common 37500 D
Options Stock
(Right to
buy)
Stock $17.5 02/24/2 A 25000 02/24/2004 02/24/2013 Common 25000 25000 D
Options 003 Stock
(Right to
buy)
Explanation of Responses:
Restricted Stock
Shares issued pursuant to 2002 Restricted Stock Plan of Fossil, Inc. subject to
the following schedule; one-third per year over three years from date of grant
As to 20%, 2/24/04; as to 20%2/24/05; as to 20% 2/24/06; as to 20% 2/24/07; as
to 20% 02/24/08, cumulatively.
SIGNATURE OF REPORTING PERSON
/s/ RANDY S. KERCHO
DATE
04/23/2003