BED BATH & BEYOND, INC. — Director's Dealing 2012

Nov 2, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OVERSTOCK.COM, INC (OSTK)
CIK: 0001130713
Period of Report: 2012-10-31

Reporting Person: Chou Francis S M (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-10-31	Common Stock	S	20602	$16.00	Disposed	3197636	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-10-31	Call Option (obligation to sell)	$15.00	S	350	Disposed	2012-12-12	Common Stock (35000)	Indirect
2012-10-31	Call Option (obligation to sell)	$17.50	S	400	Disposed	2013-06-21	Common Stock (40000)	Indirect

Footnotes

F1: This statement is filed by and on behalf of Francis S. M. Chou. Mr. Chou: (a) is the Chief Executive Officer of each of the following investment advisers: Chou America Management Inc. and Chou Associates Management Inc.; (b) acts as the Portfolio Manager of funds and/or accounts advised and/or managed by such investment adviser; and (c) may be deemed to beneficially own securities beneficially owned and/or held by such investment adviser.

F2: The 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. The 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: The 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. The 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 transaction was effected by or on behalf of a fund for which, due to appreciation, the value of investments in securities of the issuer represented approximately 30% of such fund's total investments as of October 31, 2012. The transaction was effected solely for diversification purposes and, more specifically, to reduce the concentration of such fund's investments in securities of a single issuer. The transaction was effected for reasons specific to such fund and was not effected due to any event, condition, or development specific to the issuer. Although the transaction reduced the concentration of such fund's investments in securities of the issuer, as of the date hereof, the value of such investments still represents a significant portion of such fund's total investments. As of the date hereof, the reporting person continues to believe that the subject class of securities is undervalued and represents an attractive investment opportunity.