Forward Industries, Inc. — Director's Dealing 2010

Apr 1, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD INDUSTRIES INC (FORD)
CIK: 0000038264
Period of Report: 2010-03-31

Reporting Person: Johnson Frank L (10% Owner)
Reporting Person: LaGrange Capital Partners LP (10% Owner)
Reporting Person: LAGRANGE CAPITAL PARTNERS OFFSHORE FUND LTD (10% Owner)
Reporting Person: LaGrange Capital Administration, L.L.C. (10% Owner)
Reporting Person: LaGrange Special Situations Yield Master Fund, Ltd. (10% Owner)
Reporting Person: LaGrange Capital Management, LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-31	Common Stock, par value $0.01 per share	P	33763	$3.04	Acquired	959490	Indirect

Footnotes

F1: See Remarks.

F2: On March 31, 2010, LaGrange Capital Partners, L.P., LaGrange Capital Partners Offshore Fund, Ltd. and LaGrange Special Situations Yield Master Fund, L.P. (the "Funds") acquired an additional 33,763 shares of Common Stock. LaGrange Capital Management, L.L.C., LaGrange Capital Administration, L.L.C. and Frank LaGrange Johnson each disclaim ownership in such acquisition by the Funds, except to the extent of any pecuniary interest therein. LaGrange Capital Management, L.L.C., LaGrange Capital Administration, L.L.C. and Frank LaGrange Johnson each also disclaim beneficial ownership of all other securities reported on this Form 4, except to the extent of any pecuniary interest therein and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose.