X0201 4 2003-09-30 0 0000909992 BEARD CO /OK BRCO 0001198635 MARTIN HARLON E JR 5600 N. MAY AVENUE, SUITE 320 OKLAHOMA CITY OK 73112 1 0 0 0 Common Stock, $.001333 par value 2003-09-30 4 J 0 6837 0 A 35343.000 D 2003 Deferred Stock Comp. Units 0.0000 2003-09-30 4 J 0 2932.079 0 A 1988-08-08 1988-08-08 Common Stock, $.001333 par value 2932.079 6903.361 D 2003 Deferred Stock Comp. Units 0.0000 2003-09-30 4 J 0 6903.361 0 D 1988-08-08 1988-08-08 Common Stock, $.001333 par value 6903.361 0.000 D 2003-2 Deferred Stock Comp. Units 0.0000 2003-09-30 4 J 0 66.361 0 A 1988-08-08 1988-08-08 Common Stock, $.001333 par value 66.361 66.361 D On 9/30/03 the 2003-1 Deferred Stock Compensation Plan terminated due to the total number of shares in the Participants' accounts exceeding the maximum number of 150,000 authorized under the Plan. These stock units were accrued under The Beard Company 2003 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. These stock units were accrued under The Beard Company 2003-2 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. These shares were carried over to the new 2003-2 Deferred Stock Compensation Plan effective 9/30/03 from the former Plan, which terminated the same day. By: Rebecca G. Witcher, Attorney in Fact 2003-10-01