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MOVADO GROUP INC Director's Dealing 2004

Apr 7, 2004

32997_dirs_2004-04-07_24bb8af9-0540-4e0f-85bb-011ba6fc072a.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2004-04-01

Reporting Person: GRINBERG ALEXANDER (10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2004-04-01 Common Stock M 10000 $14.38 Acquired 12400 Direct
2004-04-01 Common Stock F 1721 $29.61 Disposed 10679 Direct
2004-04-01 Common Stock D 4857 $29.61 Disposed 5822 Direct
2004-04-01 Common Stock M 3333 $19.47 Acquired 9155 Direct
2004-04-01 Common Stock F 382 $29.61 Disposed 8773 Direct
2004-04-01 Common Stock D 2192 $29.61 Disposed 6581 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2004-04-01 Employee Stock Option $14.38 M 10000 Disposed 2011-03-16 Common Stock (10000) Direct
2004-04-01 Class A Common Stock $0 F 4857 Disposed Common Stock (4857) Direct
2004-04-01 Class A Common Stock $0 A 4857 Acquired Common Stock (4857) Direct
2004-04-01 Employee Stock Option $29.61 A 6578 Acquired 2011-03-16 Common Stock (6578) Direct
2004-04-01 Employee Stock Option $19.47 M 3333 Disposed 2012-03-11 Common Stock (3333) Direct
2004-04-01 Class A Common Stock $0 F 2192 Disposed Common Stock (2192) Direct
2004-04-01 Class A Common Stock $0 A 2192 Acquired Common Stock (2192) Direct
2004-04-01 Employee Stock Option $29.61 A 2574 Acquired 2012-03-11 Common Stock (2574) Direct

Footnotes

F1: 1 for 1.

F2: Immediately

F3: Not Applicable

F4: The reporting person also has an indirect pecuniary interest in an additional 260,114 shares of Class A Common Stock of which (i) 97,297 are owned by a trust and 143,817 are owned by another trust, for both of which trusts the reporting person is the beneficiary and (ii) 19,000 are owned by CAP I Partners, L.P. in which the reporting person is a limited partner. 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.