<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
(RULE 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(AMENDMENT NO. 4)(1)
Forward Industries, Inc.
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
34986210
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(CUSIP Number)
Robert S. Ellin Joel M. Handel, Esq.
Atlantis Equities, Inc. Baer Marks & Upham LLP
750 Lexington Avenue 805 Third Avenue
New York, New York New York, New York 10022
(212) 702-5700
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
August 30, 2000
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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 that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g) check the following
box |_|.
NOTE. Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See
Rule 13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 8 Pages)
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(1) 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).
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CUSIP No. 34986210 13D Page 2 of 8 Pages
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Robert S. Ellin
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
PF
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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
United States
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NUMBER OF
7 SOLE VOTING POWER 2,500 shares
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER 692,017 shares
OWNED BY EACH -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER 2,500 shares
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER 692,017 shares
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
694,517 shares
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [_]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.4%
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14. TYPE OF REPORTING PERSON*
IN
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CUSIP No. 34986210 13D Page 3 of 8 Pages
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Robert S. Ellin Family 1997 Trust
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
PF
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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
United States
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NUMBER OF
7 SOLE VOTING POWER 37,500 shares
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER 37,500 shares
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
37,500 shares
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [_]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
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14. TYPE OF REPORTING PERSON*
OO
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CUSIP No. 34986210 13D Page 4 of 8 Pages
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Atlantis Equities, Inc.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
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3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
WC
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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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NUMBER OF
7 SOLE VOTING POWER 276,350 shares
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER 276,350 shares
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
276,350 shares
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [_]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.5%
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14. TYPE OF REPORTING PERSON*
CO
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CUSIP No. 34986210 13D Page 5 of 8 Pages
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Robert Ellin Profit Sharing Plan
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
OO
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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
United States
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NUMBER OF
7 SOLE VOTING POWER 268,167 shares
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER 268,167 shares
REPORTING
-----------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
268,167 shares
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [_]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.4%
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14. TYPE OF REPORTING PERSON*
EP
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CUSIP No. 34986210 13D Page 6 of 8 Pages
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Nancy J. Ellin
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
PF
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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
United States
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NUMBER OF
7 SOLE VOTING POWER 110,000 shares
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER 110,000 shares
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
110,000 shares
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* [_]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.8%
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14. TYPE OF REPORTING PERSON*
IN
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CUSIP No. 34986210 13D Page 7 of 8 Pages
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ITEM 1 SECURITY AND ISSUER
This Amendment No. 4 to Schedule 13D ("Amendment No. 4"), amends the
Schedule 13D filed in September 1998 (the "Original 13D"), as amended by
Amendment No. 1 filed in October 1998 ("Amendment No. 1"), Amendment No. 2 filed
in December 1998 ("Amendment No. 2"), and Amendment No. 3 in May 1999
("Amendment No. 3"), filed by Robert S. Ellin, Robert Ellin Family 1997 Trust,
Atlantis Equities, Inc., Robert Ellin Profit Sharing Plan and Nancy J. Ellin
(the "Filing Persons") and relates to the common stock, par value $0.01 per
share (the "Common Stock"), of Forward Industries, Inc., a New York corporation
(the "Company"). The address of the principal executive office of the Company is
400 Post Avenue, Westbury, New York 11590.
ITEM 2 IDENTITY AND BACKGROUND
The information in Item 2 has not changed.
ITEM 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The information previously reported in Item 3 is hereby amended by
adding the following after the existing information:
During August 2000, the Reporting Person sold 10,100 shares of Common
Stock in a series of open-market sales for an aggregate, net commission and
fees, of $21,199.32, as reported in Item 5 herein.
ITEM 4 PURPOSE OF TRANSACTION
The information in Item 4 is hereby amended by deleting section 4.2 and
replacing it with the following:
4.2 The Reporting Person is considering what appropriate action should
be taken by him to rectify what appears to be the mismanagement of the Company,
including, if necessary, the holding of a special meeting of shareholders to
take appropriate actions.
ITEM 5 INTEREST IN SECURITIES OF THE ISSUER
The Reporting Person now beneficially owns 694,517 shares or 11.4%, of
the Company's outstanding stock.
The following transactions were effected during the past sixty (60)
days:
<TABLE>
<CAPTION>
DATE TRANSACTION NUMBER OF SHARES PRICE PER SHARE
---- ----------- ---------------- ---------------
<S> <C> <C> <C>
08/16/00 Sale 6,600 $2
08/17/00 Sale 3,500 $2
</TABLE>
ITEM 6 CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
None.
ITEM 7 MATERIAL TO BE FILED AS EXHIBITS
None.
<PAGE>
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CUSIP No. 34986210 13D Page 8 of 8 Pages
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SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief,
the undersigned certify the information set forth in this Amendment is true,
complete and correct.
Dated: September 21, 2000
ATLANTIS EQUITIES, INC
/s/ Robert S. Ellin
-----------------------------------
Name: Robert S. Ellin
Position: Secretary
