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Filing Details

Accession Number:: 0001409130-11-000025
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-10-12 19:13:28
Reporting Period:: 2011-10-08

Filing Date:: 2011-10-12
Accepted Time:: 2011-10-12 18:13:28
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
889930	Overland Storage Inc	OVRL	Computer Storage Devices (3572)	953535285

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1409130	L. Kurt Kalbfleisch	C/O Overland Storage, Inc. 9112 Spectrum Center Boulevard San Diego CA 92123	Vp Of Finance & Cfo	No	Yes	No	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
Common Stock	Acquisiton	2011-10-08	86,000	$0.00	713,160	No	4	M	Direct
Common Stock	Disposition	2011-10-08	31,544	$2.54	681,616	No	4	F	Direct
Common Stock	Disposition	2011-10-10	1,989	$2.50	679,627	No	4	S	Direct
Common Stock	Disposition	2011-10-11	7,254	$2.45	672,373	No	4	S	Direct
Common Stock	Disposition	2011-10-12	4,371	$2.42	668,002	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Unit	Disposition	2011-10-08	86,000	$0.00	86,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2011-10-08	2011-10-08	No	4	M	Direct

Footnotes

Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
This transaction represents shares withheld by the issuer to satisfy its minimum tax withholding obligations upon the vesting of restricted stock units.
This number includes 627,160 shares of the issuer's common stock subject to an award of restricted stock units reported in the Form 4 filed by the reporting person on July 1, 2011. These shares were inadvertently omitted from column 5 of the Form 4 filed by the reporting person on September 16, 2011.
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 15, 2011.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.40 to $2.59, inclusive. The reporting person undertakes to provide to Overland Storage, Inc. ("Overland"), any security holder of Overland, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.41 to $2.45, inclusive. The reporting person undertakes to provide to Overland, any security holder of Overland, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.