Forward Industries, Inc. — Director's Dealing 2005

May 24, 2005

SEC Form 4/A — Form 4/A

Issuer: FORWARD INDUSTRIES INC (FORD)
CIK: 0000038264
Period of Report: 2005-04-22

Reporting Person: GALLOWAY BRUCE (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-04-22	COMMON STOCK OPTION TO BUY	$15.91	A	10000	Acquired	2005-04-21	FORWARD INDUSTRIES COMMON STOCK (10000)	Direct
2005-05-10	COMMON STOCK OPTION TO BUY	$2.05	M	10000	Disposed	2013-04-24	FORWARD INDUSTRIES COMMON STOCK (10000)	Direct
2005-05-10	COMMON STOCK OPTION TO BUY	$2.21	M	10000	Disposed	2014-07-22	FORWARD INDUSTRIES COMMON STOCK (10000)	Direct

Footnotes

F1: The original Form 4 filed on May 12, 2005 is hereby amended to include a fully vested option granted by the Company's Board of Directors on April 22, 2005 to purchase 10,000 shares of the Company's common stock at $15.91. The option expires April 21, 2013.

F2: Table 2 of original Form 4 filed 5/12/2005 is hereby amended to include an additional 10,000 stock options as discussed in Note 1 to this Form 4 filing. All information in Table 1 of the original filing is not affected by this amendment and is therefore not being restated.