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Forward Industries, Inc. Director's Dealing 2005

Jan 26, 2005

31581_dirs_2005-01-26_10278298-a8d8-418d-80d0-5f3dfd95ad59.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: MANNES LAWRENCE (Executive VP)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2005-01-24 Common Stock M 45000 $2 Acquired 46300 Direct
2005-01-24 Common Stock S 45000 $6.31 Disposed 1300 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2005-01-24 Common Stock Option to buy $2 M 45000 Disposed 2011-12-31 Common Stock (45000) Direct

Footnotes

F1: Weighted average sale price of shares sold between ($6.27 and $6.36).