MOVADO GROUP INC — Director's Dealing 2008

Jan 4, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2006-04-28

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-04-28	Common Stock	F	2272	$19.67	Disposed	17079	Direct
2007-04-08	Common Stock	F	1311	$30.16	Disposed	15768	Direct

Footnotes

F1: Phantom stock units acquired under issuer's Deferred Compensation Plan for $31.92 per share. Distributable in equal annual
installments for 10 years following date of reporting person's termination of employment with issuer.