SC 13D 1 unitrust13d-92002.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ---------------- SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. __________ )(1) THE BEARD COMPANY -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, par value $.001333 -------------------------------------------------------------------------------- (Title of Class of Securities) 07384R 10 1 -------------------------------------------------------------------------------- (CUSIP Number) The Beard Company, Attn: Herb Mee, Jr., 5600 N. May Avenue, Suite 320, Oklahoma City, Oklahoma 73112 (405) 842-2333 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 30, 2003 -------------------------------------------------------------------------------- (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), 13d-1(f) or 13d-1(g), check the following box [_]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of 4 Pages) ---------- (1) 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 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). CUSIP No. 07384R 10 1 13D Page 2 of 4 Pages ________________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Wm. M. and Lu Beard 1988 Charitable Unitrust FEIN: 73-6241478 ________________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ________________________________________________________________________________ 3 SEC USE ONLY ________________________________________________________________________________ 4 SOURCE OF FUNDS* PF ________________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] ________________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Oklahoma trust ________________________________________________________________________________ 7 SOLE VOTING POWER NUMBER OF 263,279 SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY OWNED BY -0- _________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING 263,279 PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH -0- ________________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 263,279 ________________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] ________________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.2778% ________________________________________________________________________________ 14 TYPE OF REPORTING PERSON* OO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No.07384R 10 1 13D Page 3 of 4 Pages ________________________________________________________________________________ Item 1. Security and Issuer. This Schedule 13D relates to the common stock of The Beard Company ("Beard"), par value $.001333 per share (the "Common Stock"). The principal executive officers of Beard are: Name Position ---- -------- W.M. Beard Chairman of the Board and Chief Executive Officer Herb Mee, Jr. President and Chief Financial Officer Jack A. Martine Controller and Chief Accounting Officer Rebecca G. Witcher Secretary All of such officers are located at Enterprise Plaza, 5600 North May Avenue, Suite 320, Oklahoma City, Oklahoma 73112. ________________________________________________________________________________ Item 2. Identity and Background. The William M. and Lu Beard 1988 Charitable Unitrust is a trust governed by the law of the State of Oklahoma of which William M. Beard and Lu Beard serve as trustees. Mr. Beard is Chairman and Chief Executive Officer of Beard. Lu Beard is the spouse of W.M. Beard. The address of Mr. and Mrs. Beard is 5600 North May Avenue, Suite 320, Oklahoma City, Oklahoma 73112. Mr. and Mrs. Beard are United States citizens. Neither Mr. or Mrs. Beard nor any of the persons stated in Item 5 who share voting and investment power with respect to the shares of Common Stock owned by Mr. and Mrs. Beard has, during the last five years (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction, which proceeding resulted in such person being subjected to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. ________________________________________________________________________________ Item 3. Source and Amount of Funds or Other Consideration. The Unitrust acquired the Common Stock of Beard from W.M. Beard as settlor of the Unitrust, or from private purchasers or in open market transactions with funds originally provided by Mr. Beard. _______________________________________________________________________________ Item 4. Purpose of Transaction. The 263,279 shares of Common Stock were acquired by the Unitrust for investment purposes. ________________________________________________________________________________ Item 5. Interest in Securities of the Issuer. The Unitrust owns 240,779 shares of Beard Common Stock and 22,500 presently exercisable warrant shares. Mr. and Mrs. Beard serve as co-trustees and share voting and investment power. ________________________________________________________________________________ Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. None ________________________________________________________________________________ Item 7. Material to be Filed as Exhibits. None ________________________________________________________________________________ SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. October 14, 2003 W.M. BEARD W.M. Beard, Trustee October 14, 2003 LU BEARD Lu Beard, Trustee Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).