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