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MOVADO GROUP INC Director's Dealing 2007

Jan 11, 2007

32997_dirs_2007-01-11_1bff43ce-d0df-4464-906b-6f52a3c8669c.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: 2007-01-09

Reporting Person: PHALEN MIRIAM GRINBERG (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-09	Common Stock	M	7000	$12.00	Acquired	25939	Indirect
2007-01-09	Common Stock	S	7000	$28.00	Disposed	18939	Indirect
2007-01-09	Common Stock	M	5000	$4.25	Acquired	23939	Indirect
2007-01-09	Common Stock	S	5000	$28.00	Disposed	18939	Indirect
2007-01-09	Common Stock	M	5000	$13.25	Acquired	23939	Indirect
2007-01-09	Common Stock	S	5000	$28.00	Disposed	18939	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-01-09	Employee Stock Option	$4.25	M	5000	Disposed	2010-05-17	Common Stock (5000)	Indirect
2007-01-09	Employee Stock Option	$12.00	M	7000	Disposed	2009-03-30	Common Stock (7000)	Indirect
2007-01-09	Employee Stock Option	$13.25	M	5000	Disposed	2008-03-26	Common Stock (5000)	Indirect