Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
SABRA DOUGLAS
   2. Issuer Name and Ticker or Trading Symbol
FORWARD INDUSTRIES INC [FORD] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CEO
(Last)
(First)
(Middle)
C/O FORWARD INDUSTRIES, 1801 GREEN RD. SUITE E		 3. Date of Earliest Transaction (Month/Day/Year)
05/24/2010
(Street)

POMPANO BEACH, FL 33064		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Forward Industries Common Stock .01 Par Value 05/24/2010   S   48,334 D $ 4.2261 (1) 26,666 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SABRA DOUGLAS
C/O FORWARD INDUSTRIES
1801 GREEN RD. SUITE E
POMPANO BEACH, FL 33064		   X     CEO  

Signatures

 James O. Mckenna "By Power of Attorney"   05/26/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Wegihted average sale price of the sale transactions shown below: Shares Sale Price 200 @ $4.4900 2,300 @ $4.3900 995 @ $4.4000 2,005 @ $4.4051 900 @ $4.4300 1,600 @ $4.4301 2,500 @ $4.4300 3,000 @ $4.3690 400 @ $4.3500 2,600 @ $4.3800 105 @ $4.3700 200 @ $4.2900 1,000 @ $4.2900 995 @ $4.2800 500 @ $4.2700 200 @ $4.2900 2,400 @ $4.1992 100 @ $4.2500 2,500 @ $4.1476 2,500 @ $4.1200 2,500 @ $4.1296 100 @ $4.1000 200 @ $4.1150 300 @ $4.1000 100 @ $4.1200 1,800 @ $4.1000 1,600 @ $4.1175 200 @ $4.1250 300 @ $4.1000 800 @ $4.1104 100 @ $4.1000 100 @ $4.1100 1,500 @ $4.1000 534 @ $4.1020 1,200 @ $4.1000 2,500 @ $4.1000 2,500 @ $4.1000 3,000 @ $4.1100 2,000 @ $4.1105 48,334 total shares sold

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