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Forward Industries, Inc. Director's Dealing 2005

Sep 9, 2005

31581_dirs_2005-09-09_42c026b8-174b-4599-92e0-eef982fc7d52.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: 2005-09-07

Reporting Person: BALL JEROME (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-09-07	Forward Industries Common Stock	M	7500	$1.75	Acquired	225000	Direct
2005-09-07	Forward Industries Common Stock	S	7500	$26.15	Disposed	217500	Direct
2005-09-08	Forward Industries Common Stock	M	20000	$1.75	Acquired	237500	Direct
2005-09-08	Forward Industries Common Stock	S	20000	$28.04	Disposed	217500	Direct
2005-09-09	Forward Industries Common Stock	M	10000	$1.75	Acquired	227500	Direct
2005-09-09	Forward Industries Common Stock	S	10000	$29.38	Disposed	217500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-09-07	Common Stock Option	$1.75	M	7500	Disposed	2008-09-30	Forward Industries Common Stock (7500)	Direct
2005-09-08	Common Stock Option	$1.75	M	20000	Disposed	2008-09-30	Forward Industries Common Stock (20000)	Direct
2005-09-09	Common Stock Option	$1.75	M	10000	Disposed	2008-09-30	Forward Industries Common Stock (10000)	Direct