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 *
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 (Month/Day/Year)
11/10/2005
(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 11/10/2005   M   22,275 A $ 1.3087 59,152 (1) D  
Common Stock               13,500 I Custodian for minor child

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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) $ 1.6297             08/30/1996 08/30/2006 Common Stock 126,567   126,567 D  
Stock Options (Right to buy) $ 2.4692             02/06/1998 02/06/2007 Common Stock 50,628   50,628 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   44,998 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  
Stock Options (Right to buy) $ 1.3087 11/10/2005   M     22,275 01/10/1997 01/10/2006 Common Stock 22,275 (2) 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
KERCHO RANDY
2280 N. GREENVILLE AVE.
RICHARDSON, TX 75082		       Executive Vice President  

Signatures

 RANDY S KERCHO   11/11/2005
**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 31,875 shares of restricted stock and 5,002 shares held indirectly through a 401(k) plan account as of September 30, 2005.
(2) Not applicable.

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