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MOVADO GROUP INC Director's Dealing 2008

Apr 3, 2008

32997_dirs_2008-04-02_4bfc06b8-e309-4d14-bfb2-e4981bbdb20c.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: 2008-03-31

Reporting Person: BURNS JOHN C (V.P., Treasurer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-03-31	Phantom Stock Unit	$0	A	26.64	Acquired		Common Stock (26.64)	Direct

Footnotes

F1: Phantom stock units acquired under issuer's Deferred Compensation Plan for $19.49 /share. Distributable in equal annual
installments for 10 years following date of reporting person's termination of employment with issuer.