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Forward Industries, Inc. Director's Dealing 2008

Feb 22, 2008

31581_dirs_2008-02-22_a77853ac-0e29-4c8e-858f-dd8ca045045a.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: 2008-02-21

Reporting Person: BALL JEROME (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-02-21 Forward Industries Common Stock M 22000 $1.75 Acquired 292500 Direct
2008-02-21 Forward Industries Common Stock S 21900 $2.2 Disposed 270600 Direct
2008-02-21 Forward Industries Common Stock S 100 $2.21 Disposed 270500 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-02-21 Forward Industries Common Stock Option $1.75 M 22000 Disposed 2008-03-31 Forward Industries Common Stock (22000) Direct

Footnotes

F1: Of the 110,000 common stock options outstanding, 100,000 of such stock options are scheduled to expire on March 31, 2008. The remaining 10,000 of such stock options are scheduled to expire on February 14, 2018.