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Forward Industries, Inc. Director's Dealing 2010

May 10, 2010

31581_dirs_2010-05-10_a5f4961c-ce8a-4f0b-924f-ab4da310582c.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: 2010-05-07

Reporting Person: McKenna James Owen III (CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-05-07 FORWARD INDUSTRIES COMMON STOCK S 7000 $3.89 Disposed 12500 Direct

Footnotes

F1: 1,000 SHARES @ $4.00
1,000 SHARES @ $3.95
2,000 SHARES @ $3.90
2,000 SHARES @ $3.85
1,000 SHARES @ $3.80

TOTAL: 7,000 SHARES
TOTAL GROSS PROCEEDS = $27,270
AVG SELL PRICE = $3.89

F2: 12,500 SHARES OF UNVESTED RESTRICTED FORWARD STOCK PREVIOUSLY GRANTED UNDER THE FORWARD INDUSTRIES INC. EQUITY INCENTIVE PLAN.