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Forward Industries, Inc. Director's Dealing 2005

May 31, 2005

31581_dirs_2005-05-31_5b9cfa7f-13d3-4628-ade0-9c579b241e6b.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: 2005-05-26

Reporting Person: LEVY EDWIN A (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2005-05-26 Forward Industries Common Stock M 1000 $2.05 Acquired 11100 Direct
2005-05-26 Forward Industries Common Stock S 1000 $21.38 Disposed 10100 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2005-05-26 Common Stock Option $2.05 M 1000 Disposed 2013-05-08 Forward Industries Common Stock (1000) Direct