1. Name and Address of Reporting Person
TUNNELL, T.R.
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 19143 D
Common Stock 2000 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 $3.7038 02/06/2007 Common 4219 D
Options Stock
(Right to
buy)
Stock $3.963 12/02/2006 Common 24000 D
Options Stock
(Right to
buy)
Stock $6.5 01/12/2008 Common 8598 D
Options Stock
(Right to
buy)
Stock $7.4584 10/25/2010 Common 30000 D
Options Stock
(Right to
buy)
Stock $10.6667 02/02/2010 Common 15000 D
Options Stock
(Right to
buy)
Stock $12.0278 02/12/2009 Common 11250 D
Options Stock
(Right to
buy)
Stock $13.8334 01/14/2012 Common 30000 D
Options Stock
(Right to
buy)
Stock $17.5 02/24/2 A 17500 02/24/2004 02/24/2013 Common 17500 17500 D
Options 003 Stock
(Right to
buy)
Explanation of Responses:
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/ T.R. TUNNELL
DATE
04/23/2003