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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 15)*
MOVADO GROUP, INC.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
624580 10 6
(CUSIP Number)
November 28, 2007
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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Page 1 of 6
CUSIP NO.: 624580 10 6
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gedalio Grinberg
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
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3. SEC USE ONLY
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4. CITZENSHIP OR PLACE OF ORGANIZATION United States
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NUMBER OF (5) SOLE VOTING POWER
SHARES 449,120
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BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 10,000
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EACH (7) SOLE DISPOSITIVE POWER
REPORTING 449,120
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PERSON (8) SHARED DISPOSITIVE POWER
10,000
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
459,120
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)EXCLUDES CERTAIN SHARES
[_]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.3%
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12 TYPE OF REPORTING PERSON
IN
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Page 2 of 6
CUSIP NO.: 624580 10 6
Item 1(a) NAME OF ISSUER:
Movado Group, Inc.
Item 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
650 From Road
Paramus, New Jersey 07652
Item 2(a) NAME OF PERSONS FILING:
Gedalio Grinberg
Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
650 From Road
Paramus, New Jersey 07652
Item 2(c) CITIZENSHIP:
United States citizen.
Item 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.01 per share
Item 2(e) CUSIP NO.:
624580 10 6
Item 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), OR (C) CHECK WHETHER THE PERSON FILING IS A:
This statement is not filed pursuant to Rules 13d-1(b) or
13d-2(b) or (c)
Item 4 OWNERSHIP:
(a) Amount Beneficially Owned:
Gedalio Grinberg: 459,120 shares
Page 3 of 6
CUSIP NO.: 624580 10 6
(b) Percent of Class:
Gedalio Grinberg: 2.3 %
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
Gedalio Grinberg: 449,120
(ii) Shared power to vote or to direct the vote:
Gedalio Grinberg: 10,000
(iii) Sole power to dispose or to direct the
disposition of:
Gedalio Grinberg: 449,120
(iv) Shared power to dispose or to direct the
disposition of:
Gedalio Grinberg: 10,000
Of the 459,120 shares reported as beneficially owned by Mr. G. Grinberg:
11,450 are shares of common stock, par value $.01 per share ("Common Stock")
owned by Mr. G. Grinberg individually over which he has sole investment and
voting power and 10,000 are shares of Common Stock held by a charitable
remainder unit trust for which Mr. G. Grinberg is a co-trustee together with
Mr. Andrew Weiss. As co-trustee, Mr. G. Grinberg has shared investment and
voting power with respect to those shares. The balance of Mr. G. Grinberg's
shares are shares of Class A Common Stock, par value $0.01 per share ("Class A
Common Stock"), convertible on a one-for-one basis into shares of Common Stock,
including: 399,670 shares which he owns individually and over which he has sole
investment and voting power; and 38,000 shares owned by CAP I Partners L.P., a
limited partnership of which CAP I Partners LLC is the general partner. Mr. G.
Grinberg, as the managing member of CAP I Partners LLC, has the sole power to
vote and dispose of the shares owned by CAP I Partners L.P. Mr. G. Grinberg
disclaims beneficial ownership of the shares owned by CAP I Partners L.P.
except to the extent of his pecuniary interest therein.
Page 4 of 6
CUSIP NO.: 624580 10 6
Item 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Gedalio Grinberg owns less than five percent of the class
Item 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON:
Not applicable
Item 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
HOLDING COMPANY:
Not applicable
Item 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not applicable
Item 9 NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
Item 10 CERTIFICATION:
Not Applicable
Page 5 of 6
CUSIP NO.: 624580 10 6
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: February 13, 2007
/s/ Gedalio Grinberg
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Gedalio Grinberg
Page 6 of 6