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Forward Industries, Inc. Director's Dealing 2005

May 12, 2005

31581_dirs_2005-05-12_4bcceb6c-cf94-481b-a428-1d90a66e23cf.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: 2005-05-10

Reporting Person: GALLOWAY BRUCE (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2005-05-10 Forward Industries Common Stock M 10000 $2.05 Acquired 10000 Direct
2005-05-10 Forward Industries Common Stock M 10000 $2.21 Acquired 20000 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2005-05-10 Common Stock Option $2.05 M 10000 Disposed 2013-04-23 Forward Industries Common Stock (10000) Direct
2005-05-10 Common Stock Option $2.21 M 10000 Disposed 2014-07-22 Forward Industries Common Stock (10000) Direct