MOVADO GROUP INC — Director's Dealing 2008

Jul 2, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2008-06-30

Reporting Person: DEMARSILIS SALLIE A (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-06-30	Phantom Stock Unit	$0	A	62.11	Acquired		Common Stock (62.11)	Direct

Footnotes

F1: Phantom stock units acquired under issuer's Deferred Compensation Plan for $19.80 per share. Distributable in equal annual
installments for 10 years following date of reporting person's termination of employment with issuer.