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: THOMAS DENNIS (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-06	Common Stock	M	388	$9.4200	Acquired	3511.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-05-06	Incentive Stock Option (right to buy)	$9.4200	M	388	Disposed	2008-01-01	Common Stock (388.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	686.9740	Indirect
Common Stock	221.0000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Incentive Stock Option (right to buy)	$12.6500	2009-03-14	Common Stock (775.0000)	775.0000	Direct
Incentive Stock Option (right to buy)	$11.0000	2010-02-14	Common Stock (3000.0000)	3000.0000	Direct
Stock Option (right-to-buy)	$23.0000	2014-06-21	Common Stock (2000.0000)	2000.0000	Direct

Footnotes

F1: This form reflects increases in beneficial ownership resulting from exempt acquisitions under an ESOP pursuant to Rule 16b-3(c).

F2: Stock Awards granted pursuant to the First Capital, Inc. 1999 Stock-Based Incentive Plan will vest in five equal annual installments commencing on February 15, 2003.

F3: Since the reporting person's last report 111 shares previously held through Stock Award have vested and are now owned directly.

F4: Options are fully vested and exercisable.

F5: Stock Options granted pursuant to the First Capital, Inc. 1999 Stock-Based Incentive Plan vest in five annual installments commencing on June 21, 2005.