Forward Industries, Inc. — Director's Dealing 2004

Aug 2, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD INDUSTRIES INC (FORD)
CIK: 0000038264
Period of Report: 2004-07-21

Reporting Person: RICKEN NORMAN (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-07-23	COMMON STOCK OPION	$2.21	A	10000	Acquired	2014-07-22	COMMON STOCK (10000)	Direct

Footnotes

F1: Board of Director resolution of 7/21/2004 established the grant date as 7/23/2004. Stock option letter evidencing the grant issued 8/2/2004.

F2: Stock option grant of 10,000 fully vested options at an exercise price of $2.21 per share expiring 7/22/2014 or 90 days following the date the reporting person is no longer a director of the registrant.