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MOVADO GROUP INC Director's Dealing 2004

Jan 6, 2004

32997_dirs_2004-01-06_4294f56d-90fd-4a39-a791-18a9c5d318f7.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: 2004-01-02

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

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2004-01-02 Class A Common Stock $0 J 72218 Disposed Common Stock (72218) Indirect
2004-01-02 Class A Common Stock $0 J 14244 Acquired Common Stock (14244) Direct
2004-01-02 Class A Common Stock $0 J 42170 Acquired Common Stock (42170) Indirect

Footnotes

F1: 1 for 1

F2: Distribution by Grinberg Partners, L.P. in which reporting person is a limited partner

F3: Immediately

F4: Not Applicable

F5: By Grinberg Partners L.P.

F6: The reporting person also has an indirect pecuniary interest in an additional 19,000 shares of Class A Common Stock owned 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.

F7: 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 for any other purpose.