MOVADO GROUP INC — Director's Dealing 2011

Jan 13, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2011-01-11

Reporting Person: SILVERSTEIN LEONARD L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-11	Common Stock	M	6000	$7.19	Acquired	17766	Direct
2011-01-11	Common Stock	F	2709	$15.93	Disposed	15057	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-11	Non-qualified stock option (right to purchase)	$7.19	M	6000	Disposed	2011-03-16	Common Stock (6000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	88646	Indirect