MOVADO GROUP INC — Director's Dealing 2004

Oct 4, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2004-09-30

Reporting Person: GRINBERG ALEXANDER (10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-09-30	Phantom Stock Unit	$0	A	37.06	Acquired		Common Stock (37.06)	Direct

Footnotes

F1: Phantom stock units acquired under issuer's Deferred Compensation Plan for $17.00 per share. Distributable in equal annual
installments for 10 years following date of reporting person's termination of employement with issuer.