MOVADO GROUP INC — Director's Dealing 2007

Sep 12, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2007-09-10

Reporting Person: MICHNO TIMOTHY F (Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-09-10	Common Stock	M	6667	$14.05	Acquired	7973	Direct
2007-09-10	Common Stock	S	6667	$30.05	Disposed	1306	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-09-10	Employee Stock Option	$14.05	M	6667	Disposed	2014-08-27	Common Stock (6667)	Direct