Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
PHALEN MIRIAM GRINBERG
  2. Issuer Name and Ticker or Trading Symbol
MOVADO GROUP INC [MOV]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O MOVADO GROUP, INC., 650 FROM ROAD
3. Date of Earliest Transaction (Month/Day/Year)
03/30/2005
(Street)

PARAMUS, NJ 07652
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/30/2005   M   9,376 A $ 4.97 25,915 I By spouse
Common Stock 03/30/2005   S   9,376 D $ 18.75 16,539 I By spouse
Common Stock 03/30/2005   M   20,000 A $ 4.25 36,539 I By spouse
Common Stock 03/30/2005   S   20,000 D $ 18.75 16,539 I By spouse
Common Stock 03/30/2005   M   9,376 A $ 6.53 25,915 I By spouse
Common Stock 03/30/2005   S   9,376 D $ 18.75 16,539 I By spouse

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class A Common Stock (1) 03/30/2005   S     1,121   (2)   (3) Common Stock 1,121 $ 18.7 288,123 D (4)  
Class A Common Stock (1) 03/30/2005   S     200   (2)   (3) Common Stock 200 $ 18.75 287,923 D (4)  
Class A Common Stock (1) 03/30/2005   S     1,000   (2)   (3) Common Stock 1,000 $ 18.8 3,879 I By spouse
Class A Common Stock (1) 03/30/2005   S     400   (2)   (3) Common Stock 400 $ 18.95 3,479 I By spouse
Class A Common Stock (1) 03/30/2005   S     600   (2)   (3) Common Stock 600 $ 18.85 2,879 I By spouse
Class A Common Stock (1) 03/30/2005   S     600   (2)   (3) Common Stock 600 $ 18.64 2,279 I By spouse
Class A Common Stock (1) 03/30/2005   S     1,700   (2)   (3) Common Stock 1,700 $ 18.69 579 I By spouse
Class A Common Stock (1) 03/30/2005   S     579   (2)   (3) Common Stock 579 $ 18.7 0 I By spouse
Employee Stock Option $ 4.97 03/30/2005   M     9,376 02/06/2001 02/06/2006 Common Stock 9,376 $ 0 0 I By spouse
Employee Stock Option $ 4.25 03/30/2005   M     20,000 05/17/2004 05/17/2010 Common Stock 20,000 $ 0 5,000 I By spouse
Employee Stock Option $ 6.53 03/30/2005   M     9,376 03/25/2002 03/25/2007 Common Stock 9,376 $ 0 0 I By spouse
Class A Common Stock (1)               (2)   (3) Common Stock 37,107   37,107 I See footnote (5)
Class A Common Stock (1)               (2)   (3) Common Stock 37,065   37,065 I See footnote (6)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
PHALEN MIRIAM GRINBERG
C/O MOVADO GROUP, INC.
650 FROM ROAD
PARAMUS, NJ 07652
    X    

Signatures

 /s/ Miriam G. Phalen   03/30/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 1 for 1
(2) Immediately
(3) Not Applicable
(4) The reporting person also has an indirect pecuniary interest in an additional 509,990 shares of Class A Common Stock, of which (i) 184,356 are owned by a trust and 287,634 are owned by another trust, for both of which trusts the reporting person is the beneficiary and (ii) 38,000 are owned by CAP I Partners, L.P. in which the reporting person is a limited partner. The reporting person disclaims beneficial ownership of the shares held by CAP I Partners, L.P., except to the extent of her pecuniary interest therein.
(5) By Adrian Phalen Trust
(6) By Nathan Phalen Trust.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.