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4//SEC Filing

Johnson Frank L 4

Accession 0000762222-11-000006

CIK 0000038264other
View on SEC.govCompany Profile

Filed

Dec 11, 7:00 PM ET

Accepted

Dec 12, 5:03 PM ET

Size

34.8 KB

Accession

0000762222-11-000006

Insider Transaction Report

Form 4
Period: 2011-12-08
FORWARD INDUSTRIES INCFORD
Johnson Frank L
10% Owner
Transactions
  • Other

    Call Option (obligation to sell)

    2011-12-08−76,010→ 76,010 total(indirect: By LaGrange Capital Partners Offshore Fund, Ltd.)
    Exercise: $1.80→ Common Stock (76,010 underlying)
  • Other

    Put Option (right to sell)

    2011-12-08−50,673→ 50,673 total(indirect: By LaGrange Special Situations Yield Master Fund, Ltd.)
    Exercise: $1.80→ Common Stock (50,673 underlying)
  • Other

    Call Option (obligation to sell)

    2011-12-08−380,050→ 380,050 total(indirect: By LaGrange Capital Partners, L.P.)
    Exercise: $1.80→ Common Stock (380,050 underlying)
  • Other

    Call Option (obligation to sell)

    2011-12-08−50,673→ 50,673 total(indirect: By LaGrange Special Situations Yield Master Fund, Ltd.)
    Exercise: $1.80→ Common Stock (50,673 underlying)
  • Sale

    Common Stock, par value $0.01 per share

    2011-12-08$1.89/sh−189,500$359,008→ 150,631 total(indirect: By LaGrange Capital Partners Offshore Fund, Ltd.)
  • Other

    Put Option (right to sell)

    2011-12-08−380,050→ 380,050 total(indirect: By LaGrange Capital Partners, L.P.)
    Exercise: $1.80→ Common Stock (380,050 underlying)
  • Sale

    Common Stock, par value $0.01 per share

    2011-12-08$1.89/sh−823,500$1,560,121→ 782,639 total(indirect: By LaGrange Capital Partners, L.P.)
  • Sale

    Common Stock, $0.01 par value per share

    2011-12-08$1.89/sh−63,808$120,884→ 101,311 total(indirect: By LaGrange Special Situations Yield Master Fund, Ltd.)
  • Other

    Put Option (right to sell)

    2011-12-08−76,010→ 76,010 total(indirect: By LaGrange Capital Partners Offshore Fund, Ltd.)
    Exercise: $1.80→ Common Stock (76,010 underlying)
LAGRANGE CAPITAL PARTNERS OFFSHORE FUND LTD
10% Owner
Transactions
  • Other

    Call Option (obligation to sell)

    2011-12-08−50,673→ 50,673 total(indirect: By LaGrange Special Situations Yield Master Fund, Ltd.)
    Exercise: $1.80→ Common Stock (50,673 underlying)
  • Other

    Put Option (right to sell)

    2011-12-08−76,010→ 76,010 total(indirect: By LaGrange Capital Partners Offshore Fund, Ltd.)
    Exercise: $1.80→ Common Stock (76,010 underlying)
  • Sale

    Common Stock, par value $0.01 per share

    2011-12-08$1.89/sh−823,500$1,560,121→ 782,639 total(indirect: By LaGrange Capital Partners, L.P.)
  • Other

    Call Option (obligation to sell)

    2011-12-08−76,010→ 76,010 total(indirect: By LaGrange Capital Partners Offshore Fund, Ltd.)
    Exercise: $1.80→ Common Stock (76,010 underlying)
  • Other

    Put Option (right to sell)

    2011-12-08−380,050→ 380,050 total(indirect: By LaGrange Capital Partners, L.P.)
    Exercise: $1.80→ Common Stock (380,050 underlying)
  • Other

    Put Option (right to sell)

    2011-12-08−50,673→ 50,673 total(indirect: By LaGrange Special Situations Yield Master Fund, Ltd.)
    Exercise: $1.80→ Common Stock (50,673 underlying)
  • Sale

    Common Stock, $0.01 par value per share

    2011-12-08$1.89/sh−63,808$120,884→ 101,311 total(indirect: By LaGrange Special Situations Yield Master Fund, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2011-12-08$1.89/sh−189,500$359,008→ 150,631 total(indirect: By LaGrange Capital Partners Offshore Fund, Ltd.)
  • Other

    Call Option (obligation to sell)

    2011-12-08−380,050→ 380,050 total(indirect: By LaGrange Capital Partners, L.P.)
    Exercise: $1.80→ Common Stock (380,050 underlying)
LaGrange Special Situations Yield Master Fund, Ltd.
10% Owner
Transactions
  • Sale

    Common Stock, par value $0.01 per share

    2011-12-08$1.89/sh−823,500$1,560,121→ 782,639 total(indirect: By LaGrange Capital Partners, L.P.)
  • Other

    Call Option (obligation to sell)

    2011-12-08−50,673→ 50,673 total(indirect: By LaGrange Special Situations Yield Master Fund, Ltd.)
    Exercise: $1.80→ Common Stock (50,673 underlying)
  • Other

    Put Option (right to sell)

    2011-12-08−380,050→ 380,050 total(indirect: By LaGrange Capital Partners, L.P.)
    Exercise: $1.80→ Common Stock (380,050 underlying)
  • Sale

    Common Stock, $0.01 par value per share

    2011-12-08$1.89/sh−63,808$120,884→ 101,311 total(indirect: By LaGrange Special Situations Yield Master Fund, Ltd.)
  • Other

    Call Option (obligation to sell)

    2011-12-08−76,010→ 76,010 total(indirect: By LaGrange Capital Partners Offshore Fund, Ltd.)
    Exercise: $1.80→ Common Stock (76,010 underlying)
  • Other

    Put Option (right to sell)

    2011-12-08−50,673→ 50,673 total(indirect: By LaGrange Special Situations Yield Master Fund, Ltd.)
    Exercise: $1.80→ Common Stock (50,673 underlying)
  • Other

    Put Option (right to sell)

    2011-12-08−76,010→ 76,010 total(indirect: By LaGrange Capital Partners Offshore Fund, Ltd.)
    Exercise: $1.80→ Common Stock (76,010 underlying)
  • Sale

    Common Stock, par value $0.01 per share

    2011-12-08$1.89/sh−189,500$359,008→ 150,631 total(indirect: By LaGrange Capital Partners Offshore Fund, Ltd.)
  • Other

    Call Option (obligation to sell)

    2011-12-08−380,050→ 380,050 total(indirect: By LaGrange Capital Partners, L.P.)
    Exercise: $1.80→ Common Stock (380,050 underlying)
LaGrange Capital Management, LLC
10% Owner
Transactions
  • Other

    Call Option (obligation to sell)

    2011-12-08−50,673→ 50,673 total(indirect: By LaGrange Special Situations Yield Master Fund, Ltd.)
    Exercise: $1.80→ Common Stock (50,673 underlying)
  • Other

    Put Option (right to sell)

    2011-12-08−50,673→ 50,673 total(indirect: By LaGrange Special Situations Yield Master Fund, Ltd.)
    Exercise: $1.80→ Common Stock (50,673 underlying)
  • Other

    Call Option (obligation to sell)

    2011-12-08−76,010→ 76,010 total(indirect: By LaGrange Capital Partners Offshore Fund, Ltd.)
    Exercise: $1.80→ Common Stock (76,010 underlying)
  • Other

    Call Option (obligation to sell)

    2011-12-08−380,050→ 380,050 total(indirect: By LaGrange Capital Partners, L.P.)
    Exercise: $1.80→ Common Stock (380,050 underlying)
  • Other

    Put Option (right to sell)

    2011-12-08−76,010→ 76,010 total(indirect: By LaGrange Capital Partners Offshore Fund, Ltd.)
    Exercise: $1.80→ Common Stock (76,010 underlying)
  • Sale

    Common Stock, par value $0.01 per share

    2011-12-08$1.89/sh−823,500$1,560,121→ 782,639 total(indirect: By LaGrange Capital Partners, L.P.)
  • Sale

    Common Stock, par value $0.01 per share

    2011-12-08$1.89/sh−189,500$359,008→ 150,631 total(indirect: By LaGrange Capital Partners Offshore Fund, Ltd.)
  • Sale

    Common Stock, $0.01 par value per share

    2011-12-08$1.89/sh−63,808$120,884→ 101,311 total(indirect: By LaGrange Special Situations Yield Master Fund, Ltd.)
  • Other

    Put Option (right to sell)

    2011-12-08−380,050→ 380,050 total(indirect: By LaGrange Capital Partners, L.P.)
    Exercise: $1.80→ Common Stock (380,050 underlying)
LaGrange Capital Administration, L.L.C.
10% Owner
Transactions
  • Sale

    Common Stock, par value $0.01 per share

    2011-12-08$1.89/sh−189,500$359,008→ 150,631 total(indirect: By LaGrange Capital Partners Offshore Fund, Ltd.)
  • Other

    Call Option (obligation to sell)

    2011-12-08−380,050→ 380,050 total(indirect: By LaGrange Capital Partners, L.P.)
    Exercise: $1.80→ Common Stock (380,050 underlying)
  • Other

    Put Option (right to sell)

    2011-12-08−380,050→ 380,050 total(indirect: By LaGrange Capital Partners, L.P.)
    Exercise: $1.80→ Common Stock (380,050 underlying)
  • Other

    Put Option (right to sell)

    2011-12-08−76,010→ 76,010 total(indirect: By LaGrange Capital Partners Offshore Fund, Ltd.)
    Exercise: $1.80→ Common Stock (76,010 underlying)
  • Sale

    Common Stock, par value $0.01 per share

    2011-12-08$1.89/sh−823,500$1,560,121→ 782,639 total(indirect: By LaGrange Capital Partners, L.P.)
  • Sale

    Common Stock, $0.01 par value per share

    2011-12-08$1.89/sh−63,808$120,884→ 101,311 total(indirect: By LaGrange Special Situations Yield Master Fund, Ltd.)
  • Other

    Call Option (obligation to sell)

    2011-12-08−76,010→ 76,010 total(indirect: By LaGrange Capital Partners Offshore Fund, Ltd.)
    Exercise: $1.80→ Common Stock (76,010 underlying)
  • Other

    Put Option (right to sell)

    2011-12-08−50,673→ 50,673 total(indirect: By LaGrange Special Situations Yield Master Fund, Ltd.)
    Exercise: $1.80→ Common Stock (50,673 underlying)
  • Other

    Call Option (obligation to sell)

    2011-12-08−50,673→ 50,673 total(indirect: By LaGrange Special Situations Yield Master Fund, Ltd.)
    Exercise: $1.80→ Common Stock (50,673 underlying)
LaGrange Capital Partners LP
10% Owner
Transactions
  • Sale

    Common Stock, par value $0.01 per share

    2011-12-08$1.89/sh−189,500$359,008→ 150,631 total(indirect: By LaGrange Capital Partners Offshore Fund, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2011-12-08$1.89/sh−823,500$1,560,121→ 782,639 total(indirect: By LaGrange Capital Partners, L.P.)
  • Other

    Call Option (obligation to sell)

    2011-12-08−50,673→ 50,673 total(indirect: By LaGrange Special Situations Yield Master Fund, Ltd.)
    Exercise: $1.80→ Common Stock (50,673 underlying)
  • Other

    Put Option (right to sell)

    2011-12-08−380,050→ 380,050 total(indirect: By LaGrange Capital Partners, L.P.)
    Exercise: $1.80→ Common Stock (380,050 underlying)
  • Other

    Call Option (obligation to sell)

    2011-12-08−380,050→ 380,050 total(indirect: By LaGrange Capital Partners, L.P.)
    Exercise: $1.80→ Common Stock (380,050 underlying)
  • Other

    Call Option (obligation to sell)

    2011-12-08−76,010→ 76,010 total(indirect: By LaGrange Capital Partners Offshore Fund, Ltd.)
    Exercise: $1.80→ Common Stock (76,010 underlying)
  • Other

    Put Option (right to sell)

    2011-12-08−50,673→ 50,673 total(indirect: By LaGrange Special Situations Yield Master Fund, Ltd.)
    Exercise: $1.80→ Common Stock (50,673 underlying)
  • Sale

    Common Stock, $0.01 par value per share

    2011-12-08$1.89/sh−63,808$120,884→ 101,311 total(indirect: By LaGrange Special Situations Yield Master Fund, Ltd.)
  • Other

    Put Option (right to sell)

    2011-12-08−76,010→ 76,010 total(indirect: By LaGrange Capital Partners Offshore Fund, Ltd.)
    Exercise: $1.80→ Common Stock (76,010 underlying)
Footnotes (6)
  • [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 Special Situations Yield Master Fund, Ltd. ("Situations Master 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 Section 13(d) group with respect to the securities of the Issuer that beneficially owns in excess of 10% of the Issuer's outstanding Shares. 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 manager of Capital Partners, Capital Management may be deemed to benefically own the Shares owned benefically 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 benefically own the Shares beneficially owned by Capital Partners Offshore Fund. As the managing member of Capital Administration, Frank L. Johnson may be deemed to benefically own the Shares benefically owned by Capital Partners Offshore Fund.
  • [F4]Shares beneficially owned by Situations Master Fund. As the investment manager of Situations Master Fund, Capital Administration may be deemed to benefically own the Shares benefically owned by Situations Master Fund. As the managing member of Capital Administration, Frank L. Johnson may be deemed to benefically own the Shares benefically owned by Situations Master Fund.
  • [F5]The Reporting Persons have granted an option to purchase an aggregate of 506,733 Shares at an exercise price of $1.80 per share (the "Option") to Terence Bernard Wise (the "Purchaser"). The Reporting Persons have the reciprical right to put such Shares to the Purchaser on the same terms.
  • [F6]The Option may be exercised by Purchaser on June 8, 2013 and by the Reporting Persons at any time during the term of the Option. The Option will terminate at the earliest of (i) the closing of the exercise of the Option, (ii) the effective date of a Corporate Transaction (as defined in the Option), (iii) June 8, 2013 or (iv) the date the Purcasher and the Reporting Persons voluntarily terminate the Option by a writing signed by each thereof.

Documents

1 file

Issuer

FORWARD INDUSTRIES INC

CIK 0000038264

→
Entity typeother

Related Parties

1
  • filerCIK 0001315394

Filing Metadata

Form type
4
Filed
Dec 11, 7:00 PM ET
Accepted
Dec 12, 5:03 PM ET
Size
34.8 KB
View on SEC.gov