4//SEC Filing
SABRA DOUGLAS 4
Accession 0001417014-10-000009
CIK 0000038264other
Filed
Aug 15, 8:00 PM ET
Accepted
Aug 16, 11:28 AM ET
Size
9.7 KB
Accession
0001417014-10-000009
Insider Transaction Report
Form 4
SABRA DOUGLAS
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Forward Industries Common Stock
2010-08-12$2.02/sh+10,000$20,200→ 10,000 total - Exercise/Conversion
Forward Industries Common Stock Option
2010-08-12−10,000→ 0 totalExercise: $2.02From: 2010-08-10Exp: 2019-12-11→ Forward Industries Common Stock (10,000 underlying) - Tax Payment
Forward Industries Common Stock
2010-08-12$3.53/sh−5,722$20,199→ 30,944 total
Footnotes (4)
- [F1]The vesting of these options was accelerated to 8/10/2010 in conjunction with Mr. Sabra's Severance and Release Agreement. Orginal vesting of these shares were as follows: 3,334 vesting on 12/10/2010 3,333 vesting on 12/10/2011 3,333 vesting on 12/10/2012
- [F2]$3.53 represents the closing stock price of FORD on 8/12/2010, the date the net share exercise was submitted.
- [F3]5,722 shares were withheld as payment of exercise price ($20,200) for 10,000 options (strike price of $2.02). The number of shares withheld was calculated using the closing stock price on the date of exercise, which was $3.53 on 8/12/2010.
- [F4]Consists of 4,278 shares (representing the net amount of shares issued from 8/12/2010 exercise of options) and 26,666 shares of restricted stock which became fully vested on 8/10/2010 in connection with Mr. Sabra's Seveance and Release Agreement.
Documents
Issuer
FORWARD INDUSTRIES INC
CIK 0000038264
Entity typeother
IncorporatedFL
Related Parties
1- filerCIK 0001160478
Filing Metadata
- Form type
- 4
- Filed
- Aug 15, 8:00 PM ET
- Accepted
- Aug 16, 11:28 AM ET
- Size
- 9.7 KB