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Forward Industries, Inc. Director's Dealing 2005

Jan 26, 2005

31581_dirs_2005-01-26_35099b29-41da-432b-ae50-1397ba783096.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: 2005-01-24

Reporting Person: SABRA DOUGLAS (Vice President & CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2005-01-24 Common Stock M 75000 $2 Acquired 85000 Direct
2005-01-24 Common Stock S 75000 $6.28 Disposed 10000 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2004-01-24 Common Stock Option to Buy $2 M 75000 Disposed 2005-12-31 Common Stock (75000) Direct

Footnotes

F1: Weighted average sales price of shares sold between $6.25 and $6.34.