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MOVADO GROUP INC Director's Dealing 2004

Jan 6, 2004

32997_dirs_2004-01-06_398cbbe4-faef-4c7f-b116-90ef1c1ae5cc.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 ALEXANDER (10% Owner)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2004-01-02 Class A Common Stock $0 J 4780 Acquired Common Stock (4780) Direct

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: 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.