Forward Industries, Inc. — Director's Dealing 2010

Jun 17, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD INDUSTRIES INC (FORD)
CIK: 0000038264
Period of Report: 2010-06-16

Reporting Person: GALLOWAY BRUCE (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-06-16	Forward Industries Common Stock	M	10000	$2.2	Acquired	10000	Direct
2010-06-16	Forward Industries Common Stock	M	10000	$2.85	Acquired	20000	Direct
2010-06-16	Forward Industries Common Stock	F	10791	$4.68	Disposed	9209	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-06-16	Forward Industries Common Stock Option	$2.2	M	10000	Disposed	2018-02-14	Forward Industries Common Stock (10000)	Direct
2010-06-16	Forward Industries Common Stock Option	$2.85	M	10000	Disposed	2017-08-02	Forward Industries Common Stock (10000)	Direct

Footnotes

F1: 20,000 options at combined exercise price of $50,500, divided by the closing stock price on exercise date of $4.68, resulted in 10,791 shares to be surrendered as payment of exercise price, leaving the net amount of 9,209 shares to be issued to the exercisee.

F2: Represents the closing stock price on the date of exercise.