MOVADO GROUP INC — Director's Dealing 2004

Apr 7, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2004-04-02

Reporting Person: GRINBERG ALEXANDER (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-02	Common Stock	M	7500	$16.34	Acquired	14081	Direct
2004-04-02	Common Stock	S	7500	$29.45	Disposed	6581	Direct
2004-04-02	Common Stock	M	3600	$8.50	Acquired	10181	Direct
2004-04-02	Common Stock	S	3600	$29.45	Disposed	6581	Direct
2004-04-02	Common Stock	M	4000	$24.00	Acquired	10581	Direct
2004-04-02	Common Stock	S	4000	$29.45	Disposed	6581	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-02	Employee Stock Option	$16.34	M	7500	Disposed	2007-06-10	Common Stock (7500)	Direct
2004-04-02	Employee Stock Option	$8.50	M	3600	Disposed	2010-05-17	Common Stock (3600)	Direct
2004-04-02	Employee Stock Option	$24.00	M	4000	Disposed	2009-03-30	Common Stock (4000)	Direct