Forward Industries, Inc. — Director's Dealing 2005

Aug 5, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD INDUSTRIES INC (FORD)
CIK: 0000038264
Period of Report: 2005-08-03

Reporting Person: SCHIFFMAN MICHAEL (Director, President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-03	Forward Industries Common Stock	M	51563	$2.5	Acquired	353990	Direct
2005-08-03	Forward Industries Common Stock	M	8437	$3.25	Acquired	362427	Direct
2005-08-03	Forward Industries Common Stock	S	60000	$28.43	Disposed	302427	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-08-03	Common Stock Option	$2.5	M	51563	Disposed	2005-12-31	Forward Industries Common Stock (51563)	Direct
2005-08-03	Common Stock Option	$3.25	M	8437	Disposed	2005-12-31	Forward Industries Common Stock (8437)	Direct

Footnotes

F1: 5000 shares at $28.20
5000 shares at $28.25
5000 shares at $28.30
5000 shares at $28.35
5000 shares at $28.40
5000 shares at $28.45
5000 shares at $28.50
5000 shares at $28.55
5000 shares at $28.60
5000 shares at $28.65
5000 shares at $28.70
5000 shares at $28.75