MOVADO GROUP INC — Director's Dealing 2006

Jun 26, 2006

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2006-01-31

Reporting Person: PHALEN MIRIAM GRINBERG (10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-12-09	Class A Common Stock	$0	G	1153	Acquired		Common Stock (1153)	Indirect
2005-12-09	Class A Common Stock	$0	G	1153	Acquired		Common Stock (1153)	Indirect

Footnotes

F1: 1 for 1.

F2: Immediately.

F3: Not applicable.

F4: By The Adrian Phalen Trust. The reporting person claims sole voting and investment power over the shares held by The Adrian
Phalen Trust.

F5: By The Nathan Phalen Trust. The reporting person claims sole voting and investment power over the shares held by The Nathan
Phalen Trust.