MOVADO GROUP INC — Director's Dealing 2007

Jul 11, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2007-07-06

Reporting Person: KARPOVICH EUGENE (Senior V.P. - CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-06	Common Stock	M	11659	$9.73	Acquired	28729	Direct
2007-07-06	Common Stock	F	11659	$34.50	Disposed	17070	Direct
2007-07-06	Common Stock	M	2341	$9.73	Acquired	19411	Direct
2007-07-06	Common Stock	F	2341	$34.51	Disposed	17070	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-06	Employee Stock Option	$9.73	M	14000	Disposed	2012-03-11	Common Stock (14000)	Direct