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Forward Industries, Inc. Director's Dealing 2004

Jan 29, 2004

31581_dirs_2004-01-29_c9fd6168-db06-4946-baf4-59db0370fc6b.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD INDUSTRIES INC (FORD)
CIK: 0000038264
Period of Report: 2004-01-28

Reporting Person: MANNES LAWRENCE (Executive Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2004-01-28 Forward Industries Common Stock M 15000 $1.5 Acquired 16300 Direct
2004-01-28 Forward Industries Common Stock M 5000 $2 Acquired 21300 Direct
2004-01-28 Forward Industries Common Stock S 20000 $2.45 Disposed 1300 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2004-01-28 Common Stock Options $1.5 M 15000 Disposed 2010-05-30 Forward Industries Common Stock (15000) Direct
2004-01-28 Common Stock Option $2 M 5000 Disposed 2011-01-01 Forward Industries Common Stock (5000) Direct