Forward Industries, Inc. — Director's Dealing 2014

Feb 22, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD INDUSTRIES INC (FORD)
CIK: 0000038264
Period of Report: 2014-02-19

Reporting Person: Johnson Frank L (Director, Member of 13(d) group)
Reporting Person: LaGrange Capital Partners LP (Member of 13(d) group)
Reporting Person: LaGrange Capital Management, LLC (Member of 13(d) group)
Reporting Person: LAGRANGE CAPITAL PARTNERS OFFSHORE FUND LTD (Member of 13(d) group)
Reporting Person: LaGrange Capital Administration, L.L.C. (Member of 13(d) group)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-19	Forward Industries Common Stock	S	241274	$1.7002	Disposed	33137	Indirect
2014-02-19	Forward Industries Common Stock	S	26808	$1.7002	Disposed	67562	Indirect
2014-02-20	Forward Industries Common Stock	S	33137	$1.7011	Disposed	0	Indirect
2014-02-20	Forward Industries Common Stock	S	67562	$1.7011	Disposed	0	Indirect
2014-02-20	Forward Industries Common Stock	S	71975	$1.6611	Disposed	48303	Indirect
2014-02-21	Forward Industries Common Stock	S	48303	$1.5985	Disposed	0	Indirect

Footnotes

F1: This Form 4 is filed jointly by LaGrange Capital Partners, L.P. ("Capital Partners"), LaGrange Capital Partners Offshore Fund, Ltd. ("Capital Partners Offshore Fund"), LaGrange Capital Management, L.L.C. ("Capital Management"), LaGrange Capital Administration, L.L.C. ("Capital Administration") and Frank L. Johnson. Each of the Reporting Persons is a member of a Schedule 13(d) group with respect to the securities of the Issuer that no longer beneficially own any of the Issuer's oustanding shares of common stock. As members of the group, each of the Reporting Persons may be deemed to beneficially own the securities of the Issuer beneficially owned by the other members of the group. Each of the Reporting Persons disclaims beneficial ownership of the securities of the Issuer beneficially owned by the other members of the group except to the extent of his or its pecuniary interest therein.

F2: Shares beneficially owned by Capital Partners. As the general partner of Capital Partners, Capital Management may be deemed to beneficially own the Shares owned beneficially by Capital Partners. As the sole member of Capital Management, Frank L. Johnson may be deemed to beneficially own the Shares beneficially owned by Capital Partners.

F3: Shares beneficially owned by Capital Partners Offshore Fund. As the investment manager of Capital Partners Offshore Fund, Capital Administration may be deemed to beneficially own the Shares beneficially owned by Capital Partners Offshore Fund. As the managing member of Capital Administration, Frank L. Johnson may be deemed to beneficially own the Shares beneficially owned by Capital Partners Offshore Fund

F4: Shares beneficially owned by Capital Administration. As the managing member of Capital Administration, Frank L. Johnson may be deemed to beneficially own the Shares beneficially owned by Capital Administration. On February 18, 2014, 120,278 Shares of Capital Partners were transferred to Capital Administration in connection with internal structuring matters.