MOVADO GROUP INC — Director's Dealing 2003

Dec 31, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2003-12-30

Reporting Person: GRINBERG GEDALIO (Director, Chairman, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-30	Common Stock	P	1000	$28.79	Acquired	9000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5725	Direct