FIRST CAPITAL INC — Director's Dealing 2004

Feb 23, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST CAPITAL INC ((FCAP))
CIK: 0001070296
Period of Report: 2004-02-19

Reporting Person: FREDERICK CHRIS (SVP, CFO and Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-19	Common Stock	S	615	$22.500	Disposed	2672	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	756	Indirect
Common Stock	647	Indirect
Common Stock	615	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Incentive Stock Option (right to buy)	$11.000	2010-02-14	Common Stock (1200)	1200	Direct

Footnotes

F1: Stock Awards granted pursuant to the First Capital, Inc. 1999 Stock-Based Incentive Plan vest in five equal installments beginning January 12, 2001.

F2: Options vest ratably over the five year period commencing on February 14, 2001.