MOVADO GROUP INC — Director's Dealing 2005

Apr 12, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2005-04-08

Reporting Person: PHALEN MIRIAM GRINBERG (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-04-08	Common Stock	A	2400	—	Acquired	18939	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-04-08	Class A Common Stock	$	S	1300	Disposed		Common Stock (1300)	Direct
2005-04-08	Class A Common Stock	$	S	1400	Disposed		Common Stock (1400)	Direct
2005-04-08	Class A Common Stock	$	S	1300	Disposed		Common Stock (1300)	Direct
2005-04-08	Class A Common Stock	$	S	400	Disposed		Common Stock (400)	Direct
2005-04-08	Class A Common Stock	$	S	100	Disposed		Common Stock (100)	Direct
2005-04-08	Class A Common Stock	$	S	500	Disposed		Common Stock (500)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class A Common Stock	$		Common Stock (37107)	37107	Indirect
Class A Common Stock	$		Common Stock (37065)	37065	Indirect

Footnotes

F1: 1 for 1

F2: Immediately

F3: Not Applicable

F4: The reporting person also has an indirect pecuniary interest in an additional 509,990 shares of Class A Common Stock, of
which (i) 184,356 are owned by a trust and 287,634 are owned by another trust, for both of which trusts the reporting person
is the beneficiary and (ii) 38,000 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 her
pecuniary interest therein.

F5: By Adrian Phalen Trust

F6: By Nathan Phalen Trust.