MOVADO GROUP INC — Director's Dealing 2008

Mar 31, 2008

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2008-03-31

Reporting Person: DEMARSILIS SALLIE A (CFO / SVP / PAO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$23.27	2019-01-07	Common Stock (10000)		Direct

Footnotes

F1: The option vests in three equal annual installments beginning on January 7, 2009.