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MOVADO GROUP INC Director's Dealing 2006

Oct 11, 2006

32997_dirs_2006-10-10_a5dc5889-022a-4e0f-9eae-7b90ba583770.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: 2006-10-06

Reporting Person: GRINBERG ALEXANDER (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-10-06	Common Stock	M	2500	$14.80	Acquired	10862	Direct
2006-10-06	Common Stock	S	2500	$25.80	Disposed	8362	Direct
2006-10-06	Common Stock	M	500	$14.80	Acquired	8862	Direct
2006-10-06	Common Stock	S	500	$25.81	Disposed	8362	Direct
2006-10-06	Common Stock	M	600	$14.80	Acquired	8962	Direct
2006-10-06	Common Stock	S	600	$25.82	Disposed	8362	Direct
2006-10-06	Common Stock	M	3800	$14.80	Acquired	12162	Direct
2006-10-06	Common Stock	S	3800	$25.83	Disposed	8362	Direct
2006-10-06	Common Stock	M	556	$14.80	Acquired	8918	Direct
2006-10-06	Common Stock	S	556	$25.85	Disposed	8362	Direct
2006-10-06	Common Stock	M	1400	$14.80	Acquired	9762	Direct
2006-10-06	Common Stock	S	1400	$25.88	Disposed	8362	Direct
2006-10-06	Common Stock	M	2500	$14.80	Acquired	10862	Direct
2006-10-06	Common Stock	S	2500	$25.90	Disposed	8362	Direct
2006-10-06	Common Stock	M	1100	$14.80	Acquired	9462	Direct
2006-10-06	Common Stock	S	1100	$25.94	Disposed	8362	Direct
2006-10-06	Common Stock	M	200	$14.80	Acquired	8562	Direct
2006-10-06	Common Stock	S	200	$25.95	Disposed	8362	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-10-06	Employee Stock Option	$14.80	M	13156	Disposed	2011-03-16	Common Stock (13156)	Direct