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MOVADO GROUP INC Director's Dealing 2005

Jul 6, 2005

32997_dirs_2005-07-05_9fbcc49a-6a69-43e1-b4c0-d4e6ff491dff.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: 2005-06-30

Reporting Person: GRINBERG GEDALIO (Director, Chairman)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-06-30	Phantom Stock Unit	$0.00	A	158.90	Acquired		Common Stock (158.90)	Direct

Footnotes

F1: Phantom stock units acquired under issuer's Deferred Compensation Plan for $18.88 per share. Distributable in equal annual
installments for 10 years following date of reporting person's termination of employment with issuer.