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Forward Industries, Inc. Director's Dealing 2008

Jan 3, 2008

31581_dirs_2008-01-03_b2b417d2-26ce-46a2-b1e3-89327a2b4b96.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: 2008-01-02

Reporting Person: SABRA DOUGLAS (Director, Chief Executive Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-01-02 FORWARD INDUSTRIES COMMON STOCK A 20000 $2.37 Acquired 50000 Direct

Footnotes

F1: These are restricted shares granted under the Forward Industries Inc, 2007 Equity Incentive Plan and vest as follows: 6,667 shares on January 2, 2009, 6,667 shares on January 2, 2010 and 6,666 shares on January 2, 2011.

F2: Based on the closing price on January 2, 2007.

F3: Includes 13,333 unvested restricted shares previously issued under the Forward Industries Inc, 2007 Equity Incentive Plan.