-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SFvNnz29JKIKQAReasuhQDQ8QZ+MvLPUGA3GzwVPpYAZn3XTPFJR7UyG2A3rlv1E gNslhcR3R7VPH0v2DJv1Zw== 0000950142-03-000254.txt : 20030212 0000950142-03-000254.hdr.sgml : 20030212 20030212120844 ACCESSION NUMBER: 0000950142-03-000254 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030212 GROUP MEMBERS: EFRAIM GRINBERG GROUP MEMBERS: GEDALIO GRINBERG SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MOVADO GROUP INC CENTRAL INDEX KEY: 0000072573 STANDARD INDUSTRIAL CLASSIFICATION: WATCHES, CLOCKS, CLOCKWORK OPERATED DEVICES/PARTS [3873] IRS NUMBER: 132595932 STATE OF INCORPORATION: NY FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-44722 FILM NUMBER: 03553146 BUSINESS ADDRESS: STREET 1: 125 CHUBB AVE CITY: LYNDHURST STATE: NJ ZIP: 07071 BUSINESS PHONE: 2014604800 MAIL ADDRESS: STREET 1: 125 CHUBB AVE CITY: LYNDHURST STATE: NJ ZIP: 07071 FORMER COMPANY: FORMER CONFORMED NAME: NORTH AMERICAN WATCH CORP DATE OF NAME CHANGE: 19930916 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GRINBERG GEDALIO CENTRAL INDEX KEY: 0000940574 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 125 CHUBB AVENUE STREET 2: C/O MOVADO GROUP INC CITY: LYNDHURST STATE: NJ ZIP: 07071 BUSINESS PHONE: 2014603792 MAIL ADDRESS: STREET 1: 125 CHUBB AVENUE STREET 2: C/O MOVADO GROUP INC CITY: LYNDHURST STATE: NJ ZIP: 07071 SC 13G/A 1 sc13ga10.txt AMENDMENT NO. 10 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 10)* MOVADO GROUP, INC. (Name of Issuer) Common Stock, par value $.01 per share (Title of Class of Securities) 624580 10 6 (CUSIP Number) *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). Page 1 of 8 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Gedalio Grinberg - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER SHARES 699,698 ------------------------------------------------ BENEFICIALLY (6) SHARED VOTING POWER OWNED BY 1,525,249 ------------------------------------------------ EACH (7) SOLE DISPOSITIVE POWER REPORTING 699,698 ------------------------------------------------ PERSON (8) SHARED DISPOSITIVE POWER 1,525,249 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSONAL 2,224,947 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)EXCLUDES CERTAIN SHARES [_] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 20.90% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- Page 2 of 8 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Efraim Grinberg - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER SHARES 842,668 ------------------------------------------------ BENEFICIALLY (6) SHARED VOTING POWER OWNED BY 492,151 ------------------------------------------------ EACH (7) SOLE DISPOSITIVE POWER REPORTING 842,668 ------------------------------------------------ PERSON (8) SHARED DISPOSITIVE POWER 492,151 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSONAL 1,334,819 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)EXCLUDES CERTAIN SHARES [_] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.70% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- Page 3 of 8 - -------------------------------------------------------------------------------- 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 Efraim 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 citizens. 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) Item 4 OWNERSHIP: ---------- (a) Amount Beneficially Owned: Gedalio Grinberg: 2,224,947 shares Efraim Grinberg: 1,334,819 shares Page 4 of 8 (b) Percent of Class: Gedalio Grinberg: 20.90% Efraim Grinberg: 13.70% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: Gedalio Grinberg: 699,698 Efraim Grinberg: 842,668 (ii) Shared power to vote or to direct the vote: Gedalio Grinberg: 1,525,249 Efraim Grinberg: 492,151 (iii) Sole power to dispose or to direct the disposition of: Gedalio Grinberg: 699,698 Efraim Grinberg: 842,668 (iv) Shared power to dispose or to direct the disposition of: Gedalio Grinberg: 1,525,249 Efraim Grinberg: 492,151 (1) Of the 2,224,947 shares reported as beneficially owned by Mr. G. Grinberg, 5,625 are shares of Common Stock, par value $.01 per share ("Common Stock") owned by Mr. G. Grinberg individually; 35,608 are shares of Common Stock held under the 401(k) Plan of Movado Group, Inc. (the "Company"), the trustees for which are Mr. G. Grinberg and Mr. E. Grinberg both of whom have shared investment and voting power as to such shares; 25,073 are shares of Common Stock held under the Company's Stock Bonus Plan, for which Mr. G. Grinberg and Mr. E. Grinberg are co-trustees with Frank Kimick and Vivian D'Elia, and as to which shares they have shared investment and voting power; and 5,000 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. Included in the total number of shares of Class A Common Stock are 25,000 owned by The Grinberg Family Foundation, a non-profit corporation of which Mr. G. Grinberg, his wife and Mr. Leonard L. Silverstein are the directors and as to which shares these three individuals have shared investment and voting power. Also included are 1,434,568 shares of Class A Common Stock owned by Grinberg Partners Pge 5 of 8 L.P. of which Grinberg Group Partners is the general partner. Mr. G. Grinberg, as managing partner of Grinberg Group Partners, has shared power to direct the voting and disposition of the shares owned by Grinberg Partners L.P. Mr. G. Grinberg disclaims beneficial ownership as to the shares owned by The Grinberg Family Foundation, the shares held under the Company's Stock Bonus Plan and the shares held under the Company's 401(k) Plan except to the extent of his pecuniary interest therein. 2 Of the 1,334,819 shares reported as beneficially owned by Mr. E. Grinberg, 19,591 are shares of Common Stock; 415,836 are shares of Common Stock which he has the right to acquire by the exercise of options under the Company's Stock Incentive Plan; 35,608 are shares of Common Stock, held under the Company's 401 (k) Plan, the trustees for which are Mr. G. Grinberg and Mr. E. Grinberg both of whom have shared investment and voting power as to such shares; and 25,073 are shares of Common Stock held under the Company's Stock Bonus Plan, for which Mr. G. Grinberg and Mr. E. Grinberg are co-trustees with Frank Kimick and Vivian D'Elia, and as to which shares they have shared investment and voting power. The balance of Mr. E. Grinberg's shares are shares of Class A Common Stock, convertible on a one-for-one basis into shares of Common Stock. Included in Mr. E. Grinberg's total number of shares of Class A Common Stock are 281,653 shares held by several trusts for the benefit of Mr. E. Grinberg's siblings and himself, of which trusts Mr. E. Grinberg is sole trustee. As sole trustee, Mr. E. Grinberg has sole investment and voting power with respect to the shares held by such trusts. In addition, the amount of shares reported for Mr. E. Grinberg includes an aggregate of 431,470 shares of Class A Common Stock held by several trusts for the benefit of Mr. E. Grinberg's siblings and himself, of which trusts Mr. E. Grinberg is co-trustee with Mr. Leonard L. Silverstein. As co-trustee, Mr. E. Grinberg has shared investment and voting power with Mr. Leonard L. Silverstein with respect to the shares held by such trusts. Mr. E. Grinberg disclaims beneficial ownership as to the 477,109 shares held by the trusts for the benefit of his siblings of which he is trustee or co-trustee, the 25,073 shares held under the Company's Stock Bonus Plan and the 35,608 shares held under the Company's 401(k) Plan except to the extent of his pecuniary interest therein. Item 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: --------------------------------------------- Not applicable Item 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON: -------------------------------------------------------- See Item 4 Item 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: ------------------------------------------------------------- Not applicable Page 6 of 8 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 7 of 8 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 10, 2003 /s/ Gedalio Grinberg --------------------------------- Gedalio Grinberg /s/ Efraim Grinberg --------------------------------- Efraim Grinberg Page 8 of 8 -----END PRIVACY-ENHANCED MESSAGE-----