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MOVADO GROUP INC — Director's Dealing 2014
Apr 3, 2014
32997_dirs_2014-04-02_1d03e5ba-57a8-4b17-b371-0b298e2ebb3a.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: 2014-03-31
Reporting Person: GRINBERG EFRAIM (Director, Chairman - CEO, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-03-31 | Common Stock | S | 75000 | $45.72 | Disposed | 209493 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-03-31 | Phantom Stock Unit | $ | A | 118.21 | Acquired | Common Stock (118.21) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 6425 | Indirect |
| Common Stock | 9935 | Indirect |
Footnotes
F1: The price in column 4 is a weighted average price. The 75,000 shares were sold pursuant to a 10b5-1 plan in multiple transactions at prices ranging from $45.01 to $46.76, 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.
F2: Each share of phantom stock is the economic equivalent of one share of Movado Group, Inc. common stock.
F3: Phantom stock units acquired under issuer's Deferred Compensation Plan. Distributable in equal annual installments for 10 years following date of reporting person's termination of employment with issuer.