FIRST CAPITAL INC — Director's Dealing 2005

Feb 24, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST CAPITAL INC ((FCAP))
CIK: 0001070296
Period of Report: 2005-02-22

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-02-22	Common Stock	S	2057	$20.0000	Disposed	1230.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	856.5470	Indirect
Common Stock	647.0000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Incentive Stock Option (right to buy)	$11.0000	2010-02-14	Common Stock (1200)	1200	Direct
Stock Option (right-to-buy)	$23.0000	2014-06-21	Common Stock (2000)	2000	Direct

Footnotes

F1: Since the reporting person's last report 615 shares previously held by Stock Award have vested and are now owned directly.

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

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