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Forward Industries, Inc. Director's Dealing 2008

Dec 22, 2008

31581_dirs_2008-12-22_600a89a1-0b75-4b94-93e2-52fa4b7b4135.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: 2008-12-18

Reporting Person: McKenna James Owen III (VP and CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-12-18 Forward Industries Common Stock A 6000 $2.07 Acquired 12000 Direct

Footnotes

F1: These shares are restricted shares granted under the Forward Industries Inc. Equity Incentive Plan and vest as follows: 2,000 on December 18, 2009, 2,000 on December 18, 2010, and 2,000 on December 18, 2011.

F2: Based on the closing market price on December 18, 2008.

F3: Includes 4,000 of unvested restricted shares previously granted under the Forward Industries Inc. Equity Incentive Plan.