MOVADO GROUP INC — Director's Dealing 2016

Jan 5, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2015-12-31

Reporting Person: PHALEN MIRIAM GRINBERG (10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-12-31	Phantom Stock Unit	$	A	43.46	Acquired		Common Stock (43.46)	Indirect

Footnotes

F1: Each share of phantom stock is the economic equivalent of one share of Movado Group, Inc. common stock.

F2: Phantom stock units acquired under issuer's Deferred Compensation Plan. Distributable in equal annual installments for 10 years following date of reporting person's spouse's termination of employment with issuer.