MOVADO GROUP INC — Director's Dealing 2010

Dec 8, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2010-12-07

Reporting Person: COTE RICHARD (Director, President - COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-07	Common Stock	M	173882	$15.57	Acquired	780987	Direct
2010-12-07	Common Stock	F	169815	$16.23	Disposed	611172	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-07	Employee Stock Option	$15.57	M	173882	Disposed	2011-03-16	Common Stock (173882)	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.