MOVADO GROUP INC — Director's Dealing 2004

Jan 16, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2004-01-15

Reporting Person: GRINBERG EFRAIM (Director, President - CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-15	Common Stock	S	1000	$30.85	Disposed	84809	Direct
2004-01-15	Common Stock	S	1900	$30.87	Disposed	82909	Direct
2004-01-15	Common Stock	S	700	$30.88	Disposed	82209	Direct
2004-01-15	Common Stock	S	400	$30.90	Disposed	81809	Direct
2004-01-15	Common Stock	S	500	$30.93	Disposed	81309	Direct
2004-01-15	Common Stock	S	300	$31.00	Disposed	81009	Direct
2004-01-15	Common Stock	S	200	$31.05	Disposed	80809	Direct