BEARD CO /OK|4Nov 10, 2:58 PM ET

MEE HERB JR 4

4 · BEARD CO /OK · Filed Nov 10, 2009

Form 4

Period: 2009-11-06

DirectorPresident and CFO

Transactions

Holdings

Common Stock
(indirect: By 401(k))
433,787.16
Common Stock
(indirect: By Spouse)
132
Common Stock
(indirect: By B & M Limited)
59,996
Stock Options
Exercise: $1.92Exp: 2014-05-22→ Common Stock, $.00033325 par value (40,000 underlying)
40,000
Common Stock
(indirect: By Mee Investments)
18,400
2003-2 Deferred Stock Comp Units
→ Common Stock, $.00033325 par value (47,528 underlying)
142,584

Footnotes (4)

[F1]Reflects a 2-for-1 forward stock split of the Company's common stock effective on November 2, 2009.
[F2]This represents the number of shares held in The Beard Group 401(k) Plan for the benefit of the reporting person as of November 6, 2009.
[F3]These stock options were awarded under The Beard Company's 2006 Stock Option Plan. Grants are for a term of 5 years and vest 33-1/3% per year. However, the grants will be fully vested and exercisable in the event of death, total disability or retirement.
[F4]These stock units were accrued under The Beard Company 2003-2 Deferred Stock Compensation Plan and are to be settled 100% in the issuer's Common Stock due to the Plan's termination. The reporting person elected to receive settlement of the shares to be issued to him under the Plan in equal annual installments over an 8-year period.

Documents

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