Forward Industries, Inc. — Director's Dealing 2010

May 26, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD INDUSTRIES INC (FORD)
CIK: 0000038264
Period of Report: 2010-05-24

Reporting Person: SABRA DOUGLAS (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-24	Forward Industries Common Stock .01 Par Value	S	48334	$4.2261	Disposed	26666	Direct

Footnotes

F1: Wegihted average sale price of the sale transactions shown below:
Shares Sale Price
200 @ $4.4900
2,300 @ $4.3900
995 @ $4.4000
2,005 @ $4.4051
900 @ $4.4300
1,600 @ $4.4301
2,500 @ $4.4300
3,000 @ $4.3690
400 @ $4.3500
2,600 @ $4.3800
105 @ $4.3700
200 @ $4.2900
1,000 @ $4.2900
995 @ $4.2800
500 @ $4.2700
200 @ $4.2900
2,400 @ $4.1992
100 @ $4.2500
2,500 @ $4.1476
2,500 @ $4.1200
2,500 @ $4.1296
100 @ $4.1000
200 @ $4.1150
300 @ $4.1000
100 @ $4.1200
1,800 @ $4.1000
1,600 @ $4.1175
200 @ $4.1250
300 @ $4.1000
800 @ $4.1104
100 @ $4.1000
100 @ $4.1100
1,500 @ $4.1000
534 @ $4.1020
1,200 @ $4.1000
2,500 @ $4.1000
2,500 @ $4.1000
3,000 @ $4.1100
2,000 @ $4.1105
48,334 total shares sold