X0202 4 2007-11-13 0000889930 OVERLAND STORAGE INC OVRL 0001411299 Farkaly Robert C/O OVERLAND STORAGE, INC. 4820 OVERLAND AVENUE SAN DIEGO CA 92123 0 1 0 0 VP of Worldwide Sales Employee Stock Option (right to buy) 20.25 2007-11-13 5 D 0 5000 0 D 2013-06-25 Common Stock 5000 0 D Employee Stock Option (right to buy) 13.98 2007-11-13 5 D 0 5000 0 D 2014-11-18 Common Stock 5000 0 D The option is fully vested. The option was canceled by mutual agreement of the reporting person and the issuer, in accordance with the amendment and restatement of the issuer's 2003 Equity Incentive Plan as described in Proposal 2 to the issuer's proxy statement for 2007 Annual Meeting of Shareholders. The reporting person received no consideration for the cancellation. Denise Garrett as Attorney-in-fact for Robert Farkaly 2007-11-14