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

Jan 18, 2011

32775_dirs_2011-01-18_26186448-2fc5-4e29-af34-2a6ec37c8f39.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OVERSTOCK.COM, INC (OSTK)
CIK: 0001130713
Period of Report: 2011-01-13

Reporting Person: BYRNE PATRICK MICHAEL (Director, Chairman and CEO, 10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-01-13 Common stock M 5000 $16.51 Acquired 1250887 Direct
2011-01-14 Common stock M 7500 $16.93 Acquired 1258387 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-01-13 Restricted stock units $ M 5000 Disposed Common Stock (5000) Direct
2011-01-14 Restricted stock units $ M 7500 Disposed Common stock (7500) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 5452127 Indirect

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Overstock.com, Inc. common stock. The restricted stock units vest as to 25% at the close of business on January 13, 2010, an additional 25% at the close of business on January 13, 2011, and the remaining 50% at the close of business on January 13, 2012. Vested shares will be delivered to the reporting person promptly after the restricted stock units vest.

F2: Each restricted stock unit represents a contingent right to receive one share of Overstock.com, Inc. common stock. The restricted stock units vest as to 25% at the close of business on January 14, 2009, an additional 25% at the close of business on January 14, 2010, and the remaining 50% at the close of business on January 14, 2011. Vested shares will be delivered to the reporting person promptly after the restricted stock units vest.

F3: Mr. Byrne holds 100% of the voting interest in and controls High Plains Investments LLC. Mr. Byrne disclaims beneficial ownership of the shares held by High Plains Investments except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of section 16 of for any other purpose.