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MOVADO GROUP INC Director's Dealing 2006

Jun 7, 2006

32997_dirs_2006-06-07_816ee067-217c-4ed9-9ef8-fe9a8e65494f.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: 2006-06-06

Reporting Person: KARPOVICH EUGENE (Senior V.P. -- CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-06-06	Common Stock	M	3000	$12.00	Acquired	20070	Direct
2006-06-06	Common Stock	S	3000	$22.50	Disposed	17070	Direct
2006-06-06	Common Stock	M	5000	$4.25	Acquired	22070	Direct
2006-06-06	Common Stock	S	5000	$22.50	Disposed	17070	Direct
2006-06-06	Common Stock	M	6000	$13.25	Acquired	23070	Direct
2006-06-06	Common Stock	S	6000	$22.50	Disposed	17070	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-06-06	Employee Stock Option	$12.00	M	3000	Disposed	2009-03-30	Common Stock (3000)	Direct
2006-06-06	Employee Stock Option	$4.25	M	5000	Disposed	2010-05-17	Common Stock (5000)	Direct
2006-06-06	Employee Stock Option	$13.25	M	6000	Disposed	2008-03-26	Common Stock (6000)	Direct