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Filing Details

Accession Number:: 0000762222-11-000006
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-12-12 17:03:56
Reporting Period:: 2011-12-08

Filing Date:: 2011-12-12
Accepted Time:: 2011-12-12 17:03:56
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
38264	Forward Industries Inc	FORD	Plastics Products, Nec (3089)	131950672

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1302583	Ltd Fund Offshore Partners Capital Lagrange	73 Front St Hamilton A1 000000	Yes	No	Yes	No
1315394	L Frank Johnson	570 Lexington Avenue, 27Th Floor New York NY 10022	Yes	No	Yes	No
1324023	Lagrange Capital Partners Lp	570 Lexington Avenue, 27Th Floor New York NY 10022	Yes	No	Yes	No
1353724	Lagrange Capital Administration, L.l.c.	570 Lexington Avenue, 27Th Floor New York NY 10022	Yes	No	Yes	No
1487919	Lagrange Special Situations Yield Master Fund, Ltd.	570 Lexington Avenue 27Th Fl New York NY 10022	Yes	No	Yes	No
1487924	Lagrange Capital Management, Llc	570 Lexington Avenue 27Th Fl New York NY 10022	Yes	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.01 Per Share	Disposition	2011-12-08	823,500	$1.89	782,639	No	4	S	Indirect	By LaGrange Capital Partners, L.P.
Common Stock, Par Value $0.01 Per Share	Disposition	2011-12-08	189,500	$1.89	150,631	No	4	S	Indirect	By LaGrange Capital Partners Offshore Fund, Ltd.
Common Stock, $0.01 Par Value Per Share	Disposition	2011-12-08	63,808	$1.89	101,311	No	4	S	Indirect	By LaGrange Special Situations Yield Master Fund, Ltd.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By LaGrange Capital Partners, L.P.
No	4	S	Indirect	By LaGrange Capital Partners Offshore Fund, Ltd.
No	4	S	Indirect	By LaGrange Special Situations Yield Master Fund, Ltd.

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Call Option (obligation to sell)	Disposition	2011-12-08	380,050	$0.00	380,050	$1.80
Common Stock	Call Option (obligation to sell)	Disposition	2011-12-08	76,010	$0.00	76,010	$1.80
Common Stock	Call Option (obligation to sell)	Disposition	2011-12-08	50,673	$0.00	50,673	$1.80
Common Stock	Put Option (right to sell)	Disposition	2011-12-08	380,050	$0.00	380,050	$1.80
Common Stock	Put Option (right to sell)	Disposition	2011-12-08	76,010	$0.00	76,010	$1.80
Common Stock	Put Option (right to sell)	Disposition	2011-12-08	50,673	$0.00	50,673	$1.80

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
380,050	No	4	J	Indirect
76,010	No	4	J	Indirect
50,673	No	4	J	Indirect
380,050	No	4	J	Indirect
76,010	No	4	J	Indirect
50,673	No	4	J	Indirect

Footnotes

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.
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.
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.
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.
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.
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.