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Forward Industries, Inc. — Director's Dealing 2010
May 13, 2010
31581_dirs_2010-05-13_3031978e-1afa-4c06-a5e0-686da6c77220.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: 2010-05-11
Reporting Person: HAMILTON FRED (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-05-11 | Forward Industries Common Stock | M | 20000 | $2 | Acquired | 20000 | Direct |
| 2010-05-11 | Forward Industries Common Stock | F | 9457 | $4.23 | Disposed | 10543 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-05-11 | Forward Industries Common Stock Option | $1.8 | M | 10000 | Disposed | 2019-02-11 | Forward Industries Common Stock (10000) | Direct |
| 2010-05-11 | Forward Industries Common Stock Option | $2.2 | M | 10000 | Disposed | 2018-02-14 | Forward Industries Common Stock (10000) | Direct |
Footnotes
F1: 10,000 acquired for $1.80 per share via stock option exercise
10,000 acquired for $2.20 per share via stock option exercise
F2: 9,457 shares were withheld as payment of exercise price ($40,000) for 20,000 options (10,000 with a strike price of $1.80 and 10,000 with a strike price of $2.20). The number of shares withheld was calculated using the closing stock price on the date of exercise, which was $4.23 on May 11, 2010.
F3: Per the closing stock price on the date of exercise, May 11, 2010.
F4: Represents the net amount of shares issued upon exercise.