MOVADO GROUP INC — Director's Dealing 2007

Jun 29, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2007-06-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-27	Common Stock	M	100000	$14.87	Acquired	254944	Direct
2007-06-27	Common Stock	F	71333	$34.22	Disposed	183611	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-27	Employee Stock Option	$14.87	M	100000	Disposed	2008-05-19	Common Stock (100000)	Direct