MOVADO GROUP INC — Director's Dealing 2005

Mar 4, 2005

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2005-01-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-13	Common Stock	G	10000	—	Disposed	239135	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-13	Class A Common Stock	$	G	20000	Disposed		Common Stock (20000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class A Common Stock	$		Common Stock (2531354)	2531354	Indirect
Class A Common Stock	$		Common Stock (287672)	287672	Indirect
Class A Common Stock	$		Common Stock (184356)	184356	Indirect

Footnotes

F1: 1 for 1.

F2: Immediately.

F3: Not applicable.

F4: By Grinberg Partners L.P. The reporting person disclaims beneficial ownership of these shares except to the extent of his
pecuniary interest therein.