Edgar Filing: FORWARD INDUSTRIES INC

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF 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 ^*

Â Trinad Capital Master Fund Ltd.

2. Date of Event Requiring Statement (Month/Day/Year)
10/06/2008

3. Issuer Name and Ticker or Trading Symbol
FORWARD INDUSTRIES INC [FORD]

(Last)

(First)

(Middle)

2121 AVENUE OF THE STARS,Â SUITE 2550

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

LOS ANGELES,Â CAÂ 90067

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	835,246	D ⁽¹⁾ ⁽²⁾	Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Trinad Capital Master Fund Ltd. 2121 AVENUE OF THE STARS SUITE 2550 LOS ANGELES,Â CAÂ 90067	Â	Â X	Â	Â
Trinad Advisors II, LLC 2121 AVENUE OF THE STARS SUITE 2550 LOS ANGELES,Â CAÂ 90067	Â	Â X	Â	Â
Trinad Capital L.P. 2121 AVENUE OF THE STARS SUITE 2550 LOS ANGELES,Â CAÂ 90067	Â	Â X	Â	Â
Trinad Management, LLC 2121 AVENUE OF THE STARS SUITE 2550 LOS ANGELES,Â CAÂ 90067	Â	Â X	Â	Â
ELLIN ROBERT S 2121 AVENUE OF THE STARS SUITE 2550 LOS ANGELES,Â CAÂ 90067	Â	Â X	Â	Â
Wolf Jay 2121 AVENUE OF THE STARS SUITE 2550 LOS ANGELES,Â CAÂ 90067	Â	Â X	Â	Â

Signatures

Trinad Capital Master Fund, Ltd. By: /s/ Jay A. Wolf, Authorized Representative		10/13/2008
^**Signature of Reporting Person		Date
Trinad Advisors II LLC By: /s/ Robert S. Ellin, Managing Director		10/13/2008
^**Signature of Reporting Person		Date
Trinad Capital LP By: Trinad Advisors II LLC, its general partner By: /s/ Robert S. Ellin, Managing Director		10/13/2008
^**Signature of Reporting Person		Date
Trinad Management, LLC By: /s/ Robert S. Ellin, Managing Director		10/13/2008
^**Signature of Reporting Person		Date
/s/ Robert S. Ellin		10/13/2008
^**Signature of Reporting Person		Date
/s/ Jay A. Wolf		10/13/2008
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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)	These securities are owned directly by Trinad Capital Master Fund, Ltd. (the "Master Fund") which is a reporting person. These securities may be deemed to be beneficially owned by Trinad Management, LLC, the investment manager of the Master Fund and Trinad Capital LP; Trinad Capital LP, a controlling stockholder of the Master Fund; Trinad Advisors II, LLC, the general partner of Trinad Capital LP; Robert S. Ellin, a managing director of and portfolio manager for Trinad Management, LLC and a managing director of Trinad Advisors II, LLC; and Jay Wolf, a managing director of and portfolio manager for Trinad Management, LLC and a managing director of Trinad Advisors II, LLC. (Continued in Footnote 2)
(2)	Each such reporting person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

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