MOVADO GROUP INC — Director's Dealing 2005

Mar 30, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2005-03-28

Reporting Person: GRINBERG EFRAIM (Director, President - CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-03-28	Common Stock	M	300000	$4.97	Acquired	539135	Direct
2005-03-28	Common Stock	F	179557	$18.83	Disposed	359578	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-03-28	Employee Stock Option	$4.97	M	300000	Disposed	2006-02-06	Common Stock (300000)	Direct