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MOVADO GROUP INC Director's Dealing 2011

Dec 9, 2011

32997_dirs_2011-12-09_132b1f74-2f2d-4399-8285-3cffd7cf5570.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2011-12-06

Reporting Person: PHALEN MIRIAM GRINBERG (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-06	Common Stock	M	4103	$9.73	Acquired	26463	Indirect
2011-12-06	Common Stock	F	2818	$19.13	Disposed	23645	Indirect
2011-12-06	Common Stock	M	3330	$14.61	Acquired	26975	Indirect
2011-12-06	Common Stock	F	2829	$19.13	Disposed	24146	Indirect
2011-12-06	Common Stock	M	2973	$17.09	Acquired	27119	Indirect
2011-12-06	Common Stock	F	2770	$19.13	Disposed	24349	Indirect
2011-12-06	Common Stock	M	12500	$12.5	Acquired	36849	Indirect
2011-12-06	Common Stock	F	8168	$19.13	Disposed	27112	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-06	Employee Stock Option	$9.73	M	4103	Disposed	2012-03-11	Common Stock (4103)	Indirect
2011-12-06	Employee Stock Option	$14.61	M	3330	Disposed	2012-03-11	Common Stock (3330)	Indirect
2011-12-06	Employee Stock Option	$17.09	M	2973	Disposed	2012-03-11	Common Stock (2973)	Indirect
2011-12-06	Employee Stock Option	$12.5	M	12500	Disposed	2012-03-11	Common Stock (12500)	Indirect