FIRST CAPITAL INC — Director's Dealing 2005

May 6, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST CAPITAL INC ((FCAP))
CIK: 0001070296
Period of Report: 2005-05-06

Reporting Person: UHL GERALD L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-06	Common Stock	M	560	$11.0000	Acquired	18785.0000	Direct
2005-05-06	Common Stock	M	51	$7.8000	Acquired	18836.0000	Direct
2005-05-06	Common Stock	G	611	—	Disposed	18225.0000	Direct
2005-05-06	Common Stock	M	300	$11.0000	Acquired	2612.0000	Indirect
2005-05-06	Common Stock	G	611	—	Acquired	3223.0000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-05-06	Incentive Stock Option (right to buy)	$7.8000	M	51	Disposed	2008-07-31	Common Stock (51.0000)	Direct
2005-05-06	Incentive Stock Option (right to buy)	$11.0000	M	560	Disposed	2010-02-14	Common Stock (560.0000)	Direct
2005-05-06	Incentive Stock Option (right to buy)	$11.0000	M	300	Disposed	2010-02-14	Common Stock (300.0000)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1175.0000	Indirect
Common Stock	407.1080	Indirect
Common Stock	11306.0000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Incentive Stock Option (right-to-buy)	$23.0000	2004-06-21	Common Stock (750.0000)	750.0000	Indirect

Footnotes

F1: Options are fully vested and exercisable as of July 9, 1998.

F2: Options will become fully vested and exercisable on February 14, 2005.

F3: Incentive Stock Option granted pursuant to the First Capital, Inc. 1999 Stock-Based Incentive Plan vest in five annual installments commencing on June 21, 2005.