FIRST CAPITAL INC — Director's Dealing 2004

Aug 17, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST CAPITAL INC ((FCAP))
CIK: 0001070296
Period of Report: 2004-08-13

Reporting Person: SAULMAN KENNETH R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-13	Common Stock	M	280	$11.000	Acquired	9657	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-13	Incentive Stock Option (right to buy)	$11.000	M	280	Disposed	2010-02-14	Common Stock (280)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	25	Indirect
Common Stock	25	Indirect
Common Stock	1795	Indirect
Common Stock	25	Indirect
Common Stock	307	Indirect

Footnotes

F1: Since the reporting person's last report 307 shares previously held by Stock Award have vested and are now owned directly.

F2: Stock Awards granted pursuant to the First Capital, Inc. 1999 Stock-Based Incentive Plan will fully vest on January 12, 2005.

F3: Options will become fully vested and exercisable on February 14, 2005.