Exhibit 10.39

 

Summary of Unwritten Compensation Arrangements
Applicable to Non-Employee Directors of Overstock.com, Inc.

 

Overstock.com, Inc. (the “Company”) pays its non-employee directors $20,000
annually at the rate of $5,000 per quarter, and reimburses its non-employee
directors for out-of-pocket expenses incurred in connection with attending Board
and committee meetings.  In addition, the Company pays Mr. Lindsey $25,000 per
year for consulting services.

 

The Company maintains its 2005 Equity Incentive Plan, under which the Board of
Directors has the power to grant options and other awards to members of the
Board.  During 2005 the Board granted options to non-employee directors as
follows:

 

Name

 

Grant Date

 

Exercise
Price ($)

 

Number of
Options
Granted

 

John J. Byrne

 

April 26, 2005

 

35.27

 

5,000

 

Gordon Macklin

 

April 26, 2005

 

35.27

 

5,000

 

Allison Abraham

 

April 26, 2005

 

35.27

 

5,000

 

John Fisher

 

April 26, 2005

 

35.27

 

5,000

 

Jason Lindsey

 

October 25, 2005

 

35.41

 

15,000

 

Ray Groves

 

October 25, 2005

 

35.41

 

15,000

 

 

--------------------------------------------------------------------------------