Forward Industries, Inc. — Director's Dealing 2008

Mar 6, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD INDUSTRIES INC (FORD)
CIK: 0000038264
Period of Report: 2008-03-05

Reporting Person: BALL JEROME (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-03-05	Forward Industries Common Stock	F	72917	$2.4	Disposed	197583	Direct
2008-03-05	Forward Industries Common Stock	M	100000	$1.75	Acquired	297583	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-03-05	Forward Industries Common Stock Option	$1.75	M	100000	Disposed	2008-03-31	Forward Industries Common Stock (100000)	Direct

Footnotes

F1: Based on the average of the high and low trading prices on March 4,2008 (the trading day immediately preceding the date of receipt by the Company of the Optionee's delivery of shares under Section 5.4(a)).

F2: Optionee delivered 72,917 shares of Forward Industries Common Stock as consideration of the exercise price. These shares were deposited by the Company into treasury.