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MOVADO GROUP INC Director's Dealing 2008

Sep 22, 2008

32997_dirs_2008-09-22_cab5a110-0471-4186-9f10-06b609bddf84.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: 2008-09-18

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-09-18	Common Stock	M	15000	$12.50	Acquired	29415	Direct
2008-09-18	Common Stock	S	15000	$22.12	Disposed	14415	Direct
2008-09-18	Common Stock	M	1312	$11.92	Acquired	15727	Direct
2008-09-18	Common Stock	S	1312	$22.54	Disposed	14415	Direct
2008-09-18	Common Stock	M	1974	$14.36	Acquired	16389	Direct
2008-09-18	Common Stock	S	1974	$22.67	Disposed	14415	Direct
2008-09-18	Common Stock	M	10000	$14.05	Acquired	24415	Direct
2008-09-18	Common Stock	S	10000	$22.03	Disposed	14415	Direct
2008-09-18	Common Stock	M	3233	$18.48	Acquired	17648	Direct
2008-09-18	Common Stock	S	3233	$22.00	Disposed	14415	Direct
2008-09-18	Common Stock	M	706	$18.48	Acquired	15121	Direct
2008-09-18	Common Stock	S	706	$22.69	Disposed	14415	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-09-18	Employee Stock Option	$12.50	M	15000	Disposed	2012-03-11	Common Stock (15000)	Direct
2008-09-18	Employee Stock Option	$11.92	M	1312	Disposed	2011-03-16	Common Stock (1312)	Direct
2008-09-18	Employee Stock Option	$14.36	M	1974	Disposed	2011-03-16	Common Stock (1974)	Direct
2008-09-18	Employee Stock Option	$18.48	M	3233	Disposed	2011-03-16	Common Stock (3233)	Direct
2008-09-18	Employee Stock Option	$18.48	M	706	Disposed	2012-03-11	Common Stock (706)	Direct
2008-09-18	Employee Stock Option	$14.05	M	10000	Disposed	2014-08-27	Common Stock (10000)	Direct