MOVADO GROUP INC — Director's Dealing 2005

Mar 18, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2005-03-16

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-03-16	Class A Common Stock	$	J	130700	Disposed		Common Stock (130700)	Indirect
2005-03-16	Class A Common Stock	$	J	8647	Acquired		Common Stock (8647)	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: By Grinberg Partners L.P. The reporting person disclaims beneficial ownership of these securities except to the extent of his
pecuniary interest therein. The reporting person also has an indirect pecuniary interest in an additional 472,028 shares of
Class A Common Stock, of which 287,672 are owned by a trust and 184,356 shares are owned by another trust, for both of which
the reporting person is the beneficiary.