UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 

 

Under the Securities Exchange Act of 1934
(Amendment No. 16)*

 

OVERSTOCK.COM, INC.

(Name of Issuer)

 

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

 

690370 10 1

(CUSIP Number)

 

John Pettway

9604 Pinkney Court

Potomac, Maryland 20854

(301) 332-8332

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

September 16, 2019

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), (f) or (g), check the following box o.

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 


 

 

1

Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
Patrick M. Byrne

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds
Not applicable

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0 (1)

 

8

Shared Voting Power
0 (2)

 

9

Sole Dispositive Power
0 (3)

 

10

Shared Dispositive Power
0 (4)

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
0 (5)

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares   o

 

 

13

Percent of Class Represented by Amount in Row 11
0.0%

 

 

14

Type of Reporting Person
IN

 


(1) Excludes 63,775 shares of the Issuer’s Digital Voting Series A-1 Preferred Stock (the “Series A-1 Preferred”) held by the reporting person, as further described herein. See Item 5.

(2) See Item 5.

(3) Excludes 63,775 shares of Series A-1 Preferred. See Item 5.

(4) See Item 5.

(5) Excludes 63,775 shares of Series A-1 Preferred. See Item 5.

 

2


 

 

1

Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
High Plains Investments LLC

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds
Not applicable

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
0

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
0

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
0

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares   x

 

 

13

Percent of Class Represented by Amount in Row 11
0.0%

 

 

14

Type of Reporting Person
00

 

3


 

 

1

Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
Haverford Valley L.C.

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds
Not applicable

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
United States of America

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
0

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
0

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
0

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares   x

 

 

13

Percent of Class Represented by Amount in Row 11
0.0%

 

 

14

Type of Reporting Person
00

 

4


 

AMENDMENT NO. 16 TO

STATEMENT ON SCHEDULE 13D

 

This Amendment No. 16 (this “Amendment”) amends and supplements the Statement on Schedule 13D filed by Patrick M. Byrne, John B. Pettway, High Plains Investments LLC and Haverford Valley L.C. dated November 14, 2002, as amended to date (the “Original 13D”), relating to shares of the common stock, par value $0.0001 per share (the “Shares”) of Overstock.com, Inc., a Delaware corporation (the “Issuer”), whose principal executive offices are located at 799 W. Coliseum Way, Midvale, Utah 84047.  Capitalized terms used but not defined herein have the meanings ascribed to them in the Original 13D.

 

Item 1.                                                   Security and Issuer

 

Item 2.                                                   Identity and Background

 

Item 3.                                                   Source and Amount of Funds or Other Consideration

 

Item 4.                                                   Purpose of Transaction

 

Item 5.                                                   Interest in Securities of the Issuer

 

Item 5 of the Original 13D is hereby amended and supplemented as follows:

 

As set forth herein, Dr. Byrne beneficially owns zero Shares, which represent 0.0% of the outstanding Shares, based upon the number of Shares outstanding as of the most recent practicable date, and calculated in accordance with Rule 13d-3, and excluding 63,775 shares of the Issuer’s Digital Voting Series A-1 Preferred Stock (the “Series A-1 Preferred”). Dr. Byrne has sole voting and dispositive power over the 63,775 shares of Series A-1 Preferred. The Series A-1 Preferred votes together with the Shares and with the Issuer’s Voting Series B Preferred Stock.

 

During the period of September 16-18, 2019, High Plains Investments LLC sold an aggregate of 3,646,769 Shares and gifted an aggregate of 87,000 Shares, Dr. Byrne sold an aggregate of 1,056,690 Shares, and the Patrick Byrne Foundation Inc. sold an aggregate of 119,972 Shares.

 

Item 7.                                                   Material to be Filed as Exhibits

 

5


 

SIGNATURES

 

After reasonable inquiry and to the best of the knowledge and belief of the undersigned, each of the undersigned certifies that the information set forth in this Amendment No. 16 to Statement on Schedule 13D relating to him or it is true, complete and correct.

 

Dated:  September 25, 2019

 

 

/s/ Patrick M. Byrne

 

Patrick M. Byrne

 

 

 

 

 

 

 

 

 

 

 

HIGH PLAINS INVESTMENTS LLC

 

 

 

 

By:

HAVERFORD VALLEY LC

 

 

 

 

 

 

 

By:

/s/ John Pettway

 

 

Name:

John Pettway

 

 

Title:

Manager

 

 

 

 

 

 

HAVERFORD VALLEY LC

 

 

 

 

 

 

 

 

By:

/s/ John Pettway

 

 

 

Name:

John Pettway

 

 

 

Title:

Manager

 

6


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