X0101 4 2003-05-29 0 0000909992 BEARD CO /OK BRCO 0001191506 BEARD WILLIAM M 1 1 1 0 Chief Executive Officer Common Stock, $.001333 par value 2003-05-29 2003-01-31 4 M 0 248997 0 A 436351.000 D Deferred Stock Comp. Units 0.0000 2003-05-29 2003-01-31 4 M 0 248997 0 D 1988-08-08 1988-08-08 Common Stock, $.001333 par value 248997.000 0.000 D On 1/31/03 the Deferred Stock Compensation Plan terminated due to the total number of shares in the Participants' accounts exceeding the maximum number of 350,000 authorized under the Plan. This termination was not discovered until the second quarter of 2003, and distribution of the Participants' shares was not made until the second quarter of 2003. These shares were deemed to be issued as of 1/31/03. The stock units were accrued under The Beard Company Deferred Stock Compensation Plan and are to be settled 100% in BRCO Common Stock upon the reporting person's termination of service or termination of the Plan. By: Rebecca G. Witcher, Attorney in Fact 2003-06-02