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MOVADO GROUP INC Director's Dealing 2005

Jan 6, 2005

32997_dirs_2005-01-06_a0dee019-f29c-49e3-8148-4fcaad5904e2.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: 2005-01-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-01-04	Common Stock	M	66666	$7.19	Acquired	216668	Direct
2005-01-04	Common Stock	F	39869	$18.47	Disposed	176809	Direct
2005-01-04	Common Stock	M	66666	$10.78	Acquired	243475	Direct
2005-01-04	Common Stock	F	48188	$18.47	Disposed	195287	Direct
2005-01-04	Common Stock	M	66666	$10.06	Acquired	261953	Direct
2005-01-04	Common Stock	F	46459	$18.47	Disposed	215494	Direct
2005-01-04	Common Stock	M	66666	$8.63	Acquired	282160	Direct
2005-01-04	Common Stock	F	43025	$18.47	Disposed	239135	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-01-04	Employee Stock Option	$7.19	M	66666	Disposed	2011-03-16	Common Stock (66666)	Direct
2005-01-04	Employee Stock Option	$18.47	A	39869	Acquired	2011-03-16	Common Stock (39869)	Direct
2005-01-04	Employee Stock Option	$10.78	M	66666	Disposed	2011-03-16	Common Stock (66666)	Direct
2005-01-04	Employee Stock Option	$18.47	A	48188	Acquired	2011-03-16	Common Stock (48188)	Direct
2005-01-04	Employee Stock Option	$10.06	M	66666	Disposed	2011-03-16	Common Stock (66666)	Direct
2005-01-04	Employee Stock Option	$18.47	A	46459	Acquired	2011-03-16	Common Stock (46459)	Direct
2005-01-04	Employee Stock Option	$8.63	M	66666	Disposed	2011-03-16	Common Stock (66666)	Direct
2005-01-04	Employee Stock Option	$18.47	A	43025	Acquired	2011-03-16	Common Stock (43025)	Direct