MOVADO GROUP INC — Director's Dealing 2009

Feb 26, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2009-02-19

Reporting Person: GRINBERG EFRAIM (Director, President -- CEO, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-02-19	Class A Common Stock	$	W	57095	Acquired		Common Stock (57095)	Indirect
2009-02-19	Class A Common Stock	$	W	57095	Acquired		Common Stock (57095)	Indirect

Footnotes

F1: 1 for 1

F2: Immediately

F3: Not Applicable

F4: Includes indirect pecuniary interest in 287,672 and 184,356 shares of Class A Common Stock owned, respectively, by two
separate trusts, for both of which the reporting person is the beneficiary. Also includes 251,133 shares of Class A Common
Stock owned by the reporting person directly and 3,655,640 shares owned by Grinberg Partners L.P., in which the reporting
person is deemed to have a pecuniary interest by virtue of being the managing partner of Grinberg Group Partners, the
general partner of Grinberg Partners, L.P. The reporting person disclaims beneficial ownership of the securities owned by
Grinberg Partners L.P. except to the extent of his pecuniary interest therein.