Forward Industries, Inc. — Director's Dealing 2005

Jun 8, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD INDUSTRIES INC (FORD)
CIK: 0000038264
Period of Report: 2005-06-06

Reporting Person: BALL JEROME (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-06-06	Forward Industries Common Stock	M	10000	$2	Acquired	227500	Direct
2005-06-06	Forward Industries Common Stock	S	10000	$22.25	Disposed	217500	Direct
2005-06-07	Forward Industries Common Stock	M	5000	$2	Acquired	222500	Direct
2005-06-07	Forward Industries Common Stock	S	5000	$23.25	Disposed	217500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-06-06	Common Stock Option	$2	M	10000	Disposed	2005-12-31	Forward Industries Common Stock (10000)	Direct
2005-06-07	Common Stock Option	$2	M	5000	Disposed	2005-12-31	Forward Industries Common Stock (5000)	Direct

Footnotes

F1: 5000 shares at $22.00
5000 shares at $22.50
Total of 10000 shares at average of $22.25