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MOVADO GROUP INC Director's Dealing 2007

Oct 3, 2007

32997_dirs_2007-10-02_e81ad666-d057-41bf-a9bb-9fd1e83fc9ba.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: 2007-09-28

Reporting Person: GRINBERG ALEXANDER (10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-09-28	Phantom Stock Unit	$0.00	A	22.65	Acquired		Common Stock (22.65)	Direct

Footnotes

F1: Phantom stock units acquired under issuer's Deferred Compensation Plan for $31.92 per share. Distributable in equal annual
installments for 10 years following date of reporting person's termination of employment with issuer.