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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000909334-09-000057.txt : 20090219
<SEC-HEADER>0000909334-09-000057.hdr.sgml : 20090219
<ACCEPTANCE-DATETIME>20090219145853
ACCESSION NUMBER:		0000909334-09-000057
CONFORMED SUBMISSION TYPE:	4/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080326
FILED AS OF DATE:		20090219
DATE AS OF CHANGE:		20090219

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MARTIN HARLON E JR
		CENTRAL INDEX KEY:			0001198635

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12396
		FILM NUMBER:		09621354

	BUSINESS ADDRESS:	
		STREET 1:		BEARD CO.
		STREET 2:		5600 N. MAY AVE.
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73112

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BEARD CO /OK
		CENTRAL INDEX KEY:			0000909992
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL INORGANIC CHEMICALS [2810]
		IRS NUMBER:				730970298
		STATE OF INCORPORATION:			OK
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		HARVEY PARKWAY 301 NW 63RD
		STREET 2:		STE 400
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73116
		BUSINESS PHONE:		4058422333

	MAIL ADDRESS:	
		STREET 1:		HARVEY PARKWAY 301 NW 63RD
		STREET 2:		STE 400
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73116

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BEARD INVESTMENT CO
		DATE OF NAME CHANGE:	19930730
</SEC-HEADER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>martinamdform4-032708_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4/A</documentType>

    <periodOfReport>2008-03-26</periodOfReport>

    <dateOfOriginalSubmission>2008-03-27</dateOfOriginalSubmission>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000909992</issuerCik>
        <issuerName>BEARD CO /OK</issuerName>
        <issuerTradingSymbol>BRCO</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001198635</rptOwnerCik>
            <rptOwnerName>MARTIN HARLON E JR</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>301 N W 63RD</rptOwnerStreet1>
            <rptOwnerStreet2>STE 400</rptOwnerStreet2>
            <rptOwnerCity>OKLAHOMA CITY</rptOwnerCity>
            <rptOwnerState>OK</rptOwnerState>
            <rptOwnerZipCode>73116</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, $.0006665 par value</value>
            </securityTitle>
            <transactionDate>
                <value>2008-03-26</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>25239</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>130592</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>2005 Deferred Stock Comp. Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0</value>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-03-26</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>25239.83</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, $.0006665 par value</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>25239.83</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">These stock units were accrued under The Beard Company 2003-2 Deferred Stock Compensation Plan and were settled 100% in the
 issuer's Common Stock upon the termination of the Plan.  This type of security normally doesn't reflect the conversion or
 exercise price.  Cash was paid in lieu of issuing fractional shares.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>HERB MEE JR., ATTORNEY IN FACT</signatureName>
        <signatureDate>2009-02-18</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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