X0304 4 2011-12-29 0 0001130713 OVERSTOCK.COM, INC OSTK 0001389288 Chou Francis S M 110 SHEPPARD AVENUE EAST, SUITE 301, BOX 18 TORONTO A6 M2N 6Y8 ONTARIO, CANADA 0 0 1 0 Common Stock 2011-12-29 4 P 0 5572 7.7000 A 3171169 I See Footnote Common Stock 2012-01-03 4 P 0 32718 7.6896 A 3203887 I See Footnote 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. Each 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. Each 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. Each 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. Each 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 price reported reflects the weighted average price. Each reporting person hereby undertakes to provide to the Commission staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of securities purchased at each separate price. This transaction was executed in multiple trades on January 3, 2012 at prices ranging from $7.65 to $7.70. /s/ Francis S. M. Chou 2012-01-03