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This excerpt taken from the OSTK 8-K filed Sep 13, 2005. Item 3.02 Unregistered Sales of Equity Securities
On September 12, 2005, an entity wholly owned by High Plains Investments LLC exercised a Warrant dated September 21, 2000 to purchase an aggregate of 330,396 shares of common stock of Overstock.com, Inc. for an aggregate cash exercise price of $1,404,512.
The issuance of the shares was exempt from the registration provisions of the Securities Act pursuant to Section 4(2) thereof as a transaction not involving a public offering. High Plains Investments LLC is managed by Dr. Patrick M. Byrne, who is Chairman of the Board of Directors and the President of Overstock.com, Inc.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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