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Filing Details

Accession Number:: 0001144204-12-059294
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-11-02 21:40:22
Reporting Period:: 2012-10-31

Filing Date:: 2012-11-02
Accepted Time:: 2012-11-02 21:40:22
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1130713	Overstock.com Inc	OSTK	Retail-Catalog & Mail-Order Houses (5961)	870634302

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1389288	M S Francis Chou	110 Sheppard Avenue East Suite 301, Box 18 Toronto On M2N 6Y8		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2012-10-31	20,602	$16.00	3,197,636	No	4	S	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnotes

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Call Option (obligation to sell)	Disposition	2012-10-31	350	$1.15	35,000	$15.00
Common Stock	Call Option (obligation to sell)	Disposition	2012-10-31	400	$1.25	40,000	$17.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2012-10-31	2012-12-12	No	4	S	Indirect
0	2012-10-31	2013-06-21	No	4	S	Indirect

Footnotes

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.
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.
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.
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.