FIRST CAPITAL INC — Director's Dealing 2004

May 11, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST CAPITAL INC ((FCAP))
CIK: 0001070296
Period of Report: 2004-05-10

Reporting Person: SHIREMAN MARK D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-10	Common Stock	P	300	$23.50	Acquired	21022.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5231.0000	Indirect
Common Stock	250.0000	Indirect
Common Stock	250.0000	Indirect
Common Stock	4000.0000	Indirect
Common Stock	2000.0000	Indirect
Common Stock	307.0000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Incentive Stock Option (right to buy)	$11.00	2010-02-14	Common Stock (1400)	1400	Direct

Footnotes

F1: Since the reporting person's last report 614 shares previously held through 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.