MOVADO GROUP INC — Director's Dealing 2008

Sep 10, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2008-09-08

Reporting Person: MICHNO TIMOTHY F (Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-09-08	Common Stock	M	6667	$14.05	Acquired	6709	Direct
2008-09-08	Common Stock	S	3000	$23.00	Disposed	3709	Direct
2008-09-08	Common Stock	S	1400	$23.02	Disposed	2309	Direct
2008-09-08	Common Stock	S	900	$23.03	Disposed	1409	Direct
2008-09-08	Common Stock	S	200	$23.04	Disposed	1209	Direct
2008-09-08	Common Stock	S	400	$23.05	Disposed	809	Direct
2008-09-08	Common Stock	S	767	$23.06	Disposed	42	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-09-08	Employee Stock Option	$14.05	M	6667	Acquired	2014-08-27	Common Stock (6667)	Direct