SEC Form 4 · accession 0000950142-18-000849
MOVADO GROUP INC · MOV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alexander Grinberg
Director · 10% Owner
Period of report
Apr 4, 2018
Accepted (ET)
Apr 6, 2018 · 8:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000072573
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 4, 2018 | C | 15,000 | — | A | 22,929 | D | |
| Common StockF2 | Apr 4, 2018 | S | 15,000 | $37.83 | D | 7,929 | D | |
| Common Stock | holding | — | — | — | 4,935 | I | By IRA | |
| Common Stock | holding | — | — | — | 17,716 | I | By trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common StockF4,F1,F3 | — | Apr 4, 2018 | C | 15,000 | D | — | — | Common Stock | 15,000 | 235,376 | D |
Explanation of responses
- F1The Class A Common Stock is convertible at any time into Common Stock on a share for share basis at the discretion of the holder.
- F2The 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.
- F3The Class A Common Stock does not expire.
- F4The 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.