MOVADO GROUP INC — Director's Dealing 2004

Apr 20, 2004

SEC Form 4/A — Form 4/A

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2004-03-08

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-08	Class A Common Stock	$0.00	G	742	Disposed		Common Stock (742)	Direct
2004-03-08	Class A Common Stock	$0.00	G	742	Disposed		Common Stock (742)	Direct
2004-03-08	Class A Common Stock	$0.00	G	742	Disposed		Common Stock (742)	Direct
2004-03-08	Class A Common Stock	$0.00	G	742	Disposed		Common Stock (742)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class A Common Stock	$0.00		Common Stock (19000)	19000	Indirect
Class A Common Stock	$0.00		Common Stock (1265677)	1265677	Indirect
Class A Common Stock	$0.00		Common Stock (132183)	132183	Indirect

Footnotes

F1: 1 for 1

F2: Immediately

F3: Not Applicable

F4: By CAP I Partners, L.P. The reporting person disclaims beneficial ownership of the shares held by CAP I Partners, L.P. except to the extent of his pecuniary interest therein.

F5: By Grinberg Partners L.P. The reporting person disclaims beneficial ownership of the shares held by Grinberg Partners L.P. except to the extent of his pecuniary interest therein.

F6: Reporting person disclaims beneficial ownership of all securities held by his wife and this report shall not be deemed an admission that the reporting person is a beneficial owner of such securities for purposes of section 16 or for any other purpose.