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Forward Industries, Inc. Director's Dealing 2008

Jan 3, 2008

31581_dirs_2008-01-03_35ee229f-5683-4157-b321-1dd142fdac67.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: McKenna James Owen III (Chief Financial Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-01-02 Forward Industries Common Stock A 3000 $2.37 Acquired 6000 Direct

Footnotes

F1: These shares are restricted shares granted under the Forward Industries Inc. Equity Incentive Plan and vest as follows: 1,000 shares on January 2, 2009, 1,000 shares on January 2, 2010, and 1,000 shares on January 2, 2011.

F2: Based on the closing market price on January 2, 2008.