MOVADO GROUP INC — Director's Dealing 2012

Jan 5, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2012-01-03

Reporting Person: ADAME MARGARET HAYES (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-03	Common Stock	M	3000	$12.50	Acquired	21344	Direct
2012-01-03	Common Stock	M	3000	$9.73	Acquired	24344	Direct
2012-01-03	Common Stock	S	6000	$18.42	Disposed	18344	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-03	Non-qualified stock option (right to buy)	$12.50	M	3000	Disposed	2012-03-11	Common Stock (3000)	Direct
2012-01-03	Non-qualified stock option (right to buy)	$9.73	M	3000	Disposed	2012-03-11	Common Stock (3000)	Direct

Footnotes

F1: The price in column 4 is a weighted average price. The 6,000 shares subject to the two options were sold in multiple transactions at prices ranging from $18.32 to $18.54, inclusive. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.