HALLOCK ALLAN R 4

4 · BEARD CO /OK · Filed Jan 5, 2006

Form 4

Period: 2005-12-30

Director

Transactions

Holdings

2003-2 Deferred Stock Comp. Units
Exercise: $0.00→ Common Stock, $.0006665 par value (16,656 underlying)
16,656
2005 Deferred Stock Comp. Units
Exercise: $0.00→ Common Stock, $.0006665 par value (2,423.328 underlying)
2,423.328
12% Convertible Subordinated Notes
(indirect: By Trust)
60,000
12% Convertible Subordinated Notes
(indirect: By Trust)
44,444
Common Stock, $.0006665 par value
(indirect: By IRA)
3,750

Footnotes (5)

[F1]Transfered shares from direct ownership to indirect ownership.
[F2]On January 14, 2005 the 9% Convertible Subordinated Notes were exchanged for 12% Convertible Subordinated Notes due February, 2010. Like the 9% Convertible Subordinated Notes these 12% Notes are convertible into shares of the Company's common stock but at a reduced conversion price of $1.00 per share.
[F3]On July 15, 2005, Allan R. Hallock Trust purchased $100,000 of the Company's 12% Convertible Subordinated Notes due August, 2009. The Notes are convertible into shares of the Company's common stock at the conversion price of $2.25 per share.
[F4]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. This type of security normally doesn't reflect the conversion or exercise price.
[F5]These stock units were accrued under The Beard Company 2005 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. This type of security normally doesn't reflect the conversion or exercise price.

Documents

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