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

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(Print or Type Responses)

1. Name and Address of Reporting Person * GRINBERG EFRAIM   2. Issuer Name and Ticker or Trading Symbol MOVADO GROUP INC [MOV] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President - CEO (Last) (First) (Middle) C/O MOVADO GROUP, INC., 650 FROM ROAD 3. Date of Earliest Transaction (Month/Day/Year) 03/16/2005 (Street) PARAMUS, NJ 07652 4. If Amendment, Date Original Filed(Month/Day/Year) 03/18/2005 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

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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)

03/16/2005

J(2)

130,700

(3)

(4)

Common Stock

130,700

$ 0

2,400,654

I

See footnote (5)

Class A Common Stock

(1)

03/16/2005

J(2)

9,184

(3)

(4)

Common Stock

9,184

$ 0

722,746

D

Reporting Owners

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

Signatures

/s/ Efraim Grinberg		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)	Distribution by Grinberg Partners L.P. in which reporting person is a limited partner
(3)	Immediately
(4)	Not Applicable
(5)	By Grinberg Partners L.P. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. The reporting person also has an indirect pecuniary interest in an additional 472,028 shares of Class A Common Stock, of which 287,672 are owned by a trust and 184,356 shares are owned by another trust, for both of which the reporting person is the beneficiary.

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