MOVADO GROUP INC — Director's Dealing 2018

Apr 6, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MOVADO GROUP INC (MOV)
CIK: 0000072573
Period of Report: 2018-04-04

Reporting Person: GRINBERG ALEXANDER (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-04-04	Common Stock	C	15000	—	Acquired	22929	Direct
2018-04-04	Common Stock	S	15000	$37.83	Disposed	7929	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-04-04	Class A Common Stock	$	C	15000	Disposed		Common Stock (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4935	Indirect
Common Stock	17716	Indirect

Footnotes

F1: The Class A Common Stock is convertible at any time into Common Stock on a share for share basis at the discretion of the holder.

F2: The price in Column 4 is a weighted average price. The 15,000 shares were sold in multiple transactions at prices ranging from $37.4 to $38.1, 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.

F3: The Class A Common Stock does not expire.

F4: The reporting person also has an indirect pecuniary interest in an additional 4,137,870 Shares of Class A Common Stock of which (i) 194,594 are owned by a trust, 2 are owned by another trust and 287,634 are owned by another trust, for all of which trusts the reporting person is the beneficiary and (ii) 3,655,640 are owned by Grinberg Partners L.P. in which the reporting person is a limited partner. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.