MOVADO GROUP INC — Director's Dealing 2004

Jan 6, 2004

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 GROUP PARTNERS (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

Footnotes

F1: 1 for 1.

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

F3: Immediately

F4: Not applicable

F5: By Grinberg Partners L.P.