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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
FORWARD INDUSTRIES, INC.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
349862102
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(CUSIP Number)
Lawrence G. Nusbaum, Esq., Gusrae, Kaplan & Bruno, 120 Wall Street, New
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York, New York 10005 (212) 269-1400
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
June 25, 1996
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box. /___/
Check the following box if a fee is being paid with the statement / /. (A fee
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is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
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the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
SCHEDULE 13D
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C U S I P N o . ____________ Page 2 of 3 Pages
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CWAI Consultants Corp. ("CWAI")
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
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(b) / X /
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See Footnote 1 to Item 5 of the Schedule 13D of CWAI dated
February 15, 1996 (the "February Schedule 13D"), previously
filed with the SEC.
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
00 - Sole Shareholder has for shares exercised, and will for
any shares exercised in the future, contributed capital to fund
exercise of a warrant held by CWAI. See Item 3 of the February
Schedule 13D.
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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7 SOLE VOTING POWER
NUMBER
OF 200,000
SHARES --------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED
BY 0
EACH --------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 200,000
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
200,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / X /
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See Footnote 1 to Item 5 of the February Schedule 13D.
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 3.8%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
2
<PAGE>
Item 1. Security and Issuer
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This Amendment No. 6 to Schedule 13D amends the Schedule 13D dated February
15, 1996 (the "February Schedule 13D") of CWAI Consultants Corp. ("CWAI"),
relating to the common stock, par value $.01 per share (the "Common Stock"), of
FORWARD INDUSTRIES, INC., a New York corporation (the "Issuer"). The principal
executive offices of the Issuer are located at 272 Hempstead Turnpike, West
Hempstead, New York 11552.
All capitalized terms not otherwise defined herein, have the meaning set
forth in the February Schedule 13D.
Item 5. Interest in Securities of the Issuer
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On June 25, 1996, CWAI became the beneficial owner of an additional 200,000
shares of Common Stock underlying the Warrant, when the Issuer's Chairman issued
a letter to CWAI approving CWAI's purchase of such 200,000 shares as required by
the terms of the Warrant. On July 2 and 9, 1996, CWAI sold in brokers
transactions 20,000 and 227,500 shares of the Common Stock of the Issuer at sale
prices of $4.625 and $3.50 per share, respectively. The sale of such 247,500
shares was covered by a registration statement of the Issuer which the
Securities and Exchange Commission declared effective on March 25, 1996. The
foregoing resulted in CWAI now beneficially owning 200,000 shares of Common
Stock of the Issuer, representing approximately 3.8% of the issued and
outstanding shares of Common Stock of the Issuer.
Item 7. Material to be Filed as Exhibits
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None.
3
<PAGE>
SIGNATURES
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After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
accurate.
July 12, 1996 CWAI CONSULTANTS CORP.
By: /s/Mark Berman
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Name: Mark Berman
Title: President
