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MOVADO GROUP INC Director's Dealing 2006

Jun 7, 2006

32997_dirs_2006-06-06_650eaa07-467f-4783-80a5-916fdd4f1942.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: 2006-06-05

Reporting Person: PHALEN MIRIAM GRINBERG (10% Owner)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2006-06-05 Class A Common Stock $ S 600 Acquired Common Stock (600) Direct
2006-06-05 Class A Common Stock $ S 400 Acquired Common Stock (400) Direct
2006-06-05 Class A Common Stock $ S 300 Acquired Common Stock (300) Direct
2006-06-05 Class A Common Stock $ S 300 Acquired Common Stock (300) Direct
2006-06-05 Class A Common Stock $ S 100 Acquired Common Stock (100) Direct
2006-06-05 Class A Common Stock $ S 600 Acquired Common Stock (600) Direct
2006-06-05 Class A Common Stock $ S 200 Acquired Common Stock (200) Direct
2006-06-05 Class A Common Stock $ S 300 Acquired Common Stock (300) Direct
2006-06-05 Class A Common Stock $ S 200 Acquired Common Stock (200) Direct
2006-06-05 Class A Common Stock $ S 100 Acquired Common Stock (100) Direct
2006-06-05 Class A Common Stock $ S 200 Acquired Common Stock (200) Direct
2006-06-05 Class A Common Stock $ S 400 Acquired Common Stock (400) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Class A Common Stock $ Common Stock (0) 39478 Indirect
Class A Common Stock $ Common Stock (0) 39436 Indirect

Footnotes

F1: 1 for 1

F2: Immediately

F3: Not Applicable

F4: The reporting person also has an indirect pecuniary interest in an additional 509,990 shares of Class A Common Stock, of
which (i) 184,356 are owned by a trust and 287,634 are owned by another trust, for both of which trusts the reporting person
is the beneficiary and (ii) 38,000 are owned by CAP I Partners, L.P. in which the reporting person is a limited partner. The
reporting person disclaims beneficial ownership of the shares held by CAP I Partners, L.P., except to the extent of her
pecuniary interest therein.

F5: By Adrian Phalen Trust

F6: By Nathan Phalen Trust.