BED BATH & BEYOND, INC. — Director's Dealing 2011

Feb 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OVERSTOCK.COM, INC (OSTK)
CIK: 0001130713
Period of Report: 2011-02-07

Reporting Person: Chou Associates Management Inc. (10% Owner)
Reporting Person: Chou Francis S M (10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-07	3.75% Convertible Senior Notes Due December 1, 2011	$	S		Disposed		Common Stock (132756)	Indirect

Footnotes

F1: This statement is jointly filed by and on behalf of each of Chou Associates Management Inc. and Francis S. M. Chou. Chou
Associates Management acts as an investment adviser to, and manages investment and trading accounts of, other persons and
may be deemed, by reason of investment advisory contracts or otherwise, to beneficially own securities owned by other
persons. Mr. Chou is the Chief Executive Officer and Portfolio Manager of Chou Associates Management and may be deemed to
beneficially own securities owned by Chou Associates Management.

F2: Each reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that
such person is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities covered by this
statement. Each reporting person disclaims beneficial ownership of the securities covered by this statement, except to the
extent of the pecuniary interest of such person in such securities.

F3: Each reporting person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the
purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor
anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the
Act or any other purpose, a member of a group with respect to the issuer or securities of the issuer.

F4: The issuer's 3.75% Convertible Senior Notes due December 1, 2011 are convertible at any time prior to maturity into shares of
the issuer's common stock at the option of the note holders at a conversion price of $76.23 per share (subject to adjustment
in certain events, including stock splits, dividends and other distributions, certain repurchases of the issuer's stock, and
certain fundamental changes in the ownership of the issuer).

F5: The issuer has the right to redeem the Convertible Senior Notes, in whole or in part, for cash at 100% of the principal
amount plus accrued and unpaid interest. Upon the occurrence of a fundamental change (including the acquisition of a
majority interest in the issuer, certain changes in the issuer's board of directors or the termination of trading of the
issuer's stock) meeting certain conditions, holders of the Convertible Senior Notes may require the issuer to repurchase for
cash all or part of their notes at 100% of the principal amount plus accrued and unpaid interest.

F6: Includes accrued interest of $72,738.