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Forward Industries, Inc. Director's Dealing 2011

Jan 13, 2011

31581_dirs_2011-01-13_a0ed6760-1976-4a07-8d59-9b2bf32cdfce.zip

Director's Dealing

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SEC Form 4/A — Form 4/A

Issuer: FORWARD INDUSTRIES INC (FORD)
CIK: 0000038264
Period of Report: 2010-11-05

Reporting Person: Johnson Brett M (CEO)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-11-05 Forward Industries Common Stock Option $3.55 A 200000 Acquired 2020-11-04 Forward Industries Common Stock (200000) Direct

Footnotes

F1: Corrected from $3.80 per original Form 4 filing. $3.55 represents the closing stock price on the grant date of 11/5/2010.

F2: 200,000 options vest equally over 5 years from the date of grant: 40,000 vest on 11/4/2011 40,000 vest on 11/4/2012 40,000 vest on 11/4/2013 40,000 vest on 11/4/2014 40,000 vest on 11/4/2015