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 * 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

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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)	03/30/2005		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.

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