MOVADO GROUP INC — Director's Dealing 2006

Oct 3, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2006-09-29

Reporting Person: LaPorte Ernest R (VP-Finance/Prpl Acct'g Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-09-26	Phantom Stock Unit	$0.00	A	20.62	Acquired		Common Stock (20.62)	Direct

Footnotes

F1: Phantom stock units acquired under issuer's Deferred Compensation Plan for $25.42 per share. Distributable in equal
annual installments for 10 years following date of reporting person's termination of employment with issuer.