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MOVADO GROUP INC Director's Dealing 2006

Mar 22, 2006

32997_dirs_2006-03-22_c79d1e05-1c8b-4c85-ae4d-267cd63d45c4.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: 2006-03-08

Reporting Person: GRINBERG EFRAIM (Director, President -- CEO, 10% Owner)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2006-03-08 Class A Common Stock $ J 80156 Disposed Common Stock (80156) Indirect
2006-03-08 Class A Common Stock $ J 5632 Acquired Common Stock (5632) Direct

Footnotes

F1: 1 for 1

F2: Distribution by Grinberg Partners L.P. in which reporting person is a limited partner

F3: Immediately

F4: Not Applicable

F5: By Grinberg Partners L.P. The reporting person disclaims beneficial ownership of these securities except to the extent of his
pecuniary interest therein.

F6: Of these securities, 472,028 are shares of Class A Common Stock in which the reporting person has an indirect pecuniary
interest. 287,672 of those shares are owned by a trust and 184,356 of those shares are owned by another trust, for both of
which the reporting person is the beneficiary.