MOVADO GROUP INC — Director's Dealing 2007

Nov 30, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2007-11-28

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-28	Class A Common Stock	$	J	1429716	Acquired		Common Stock (1429716)	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class A Common Stock	$		Common Stock (247995)	247995	Direct
Class A Common Stock	$		Common Stock (287672)	287672	Indirect
Class A Common Stock	$		Common Stock (184356)	184356	Indirect

Footnotes

F1: 1 for 1

F2: Shares acquired by Grinberg Partners L.P. in which reporting person is deemed to have a pecuniary interest by virtue of being
the managing partner of Grinberg Group Partners, the general partner of Grinberg Partners, L.P.

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.