MOVADO GROUP INC — Director's Dealing 2009

Sep 17, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2009-09-16

Reporting Person: COTE RICHARD (Director, Executive V.P. -- COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-09-16	Common Stock	M	100000	$10.50	Acquired	569063	Direct
2009-09-16	Common Stock	F	86183	$13.20	Disposed	482880	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-09-16	Employee Stock Option	$10.50	M	100000	Disposed	2010-01-06	Common Stock (100000)	Direct

Footnotes

F1: Includes 2,200 shares which are owned by a trust for the benefit of the reporting person's children in which the reporting
person has an indirect pecuniary interest.