-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 ArPrmYYOn7wvGPrZPCIANhXmGAqsLwxIUxg3lpl0bB4ufEwpD+0SPy7yGzdFGrFl
 tlUn9GmQPxDd7fsCZaRE5Q==

<SEC-DOCUMENT>0000909992-03-000017.txt : 20030603
<SEC-HEADER>0000909992-03-000017.hdr.sgml : 20030603
<ACCEPTANCE-DATETIME>20030602192627
ACCESSION NUMBER:		0000909992-03-000017
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030601
FILED AS OF DATE:		20030603

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BEARD WILLIAM M
		CENTRAL INDEX KEY:			0001191506

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12396
		FILM NUMBER:		03728980

	MAIL ADDRESS:	
		STREET 1:		5600 N MAY AVE
		STREET 2:		STE 320
		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:		5600 N MAY AVE
		STREET 2:		STE 320
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73112
		BUSINESS PHONE:		4058422333

	MAIL ADDRESS:	
		STREET 1:		5600 N MAY
		STREET 2:		STE 320
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73112

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BEARD INVESTMENT CO
		DATE OF NAME CHANGE:	19930730
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bea52.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType>
	<periodOfReport>2003-06-01</periodOfReport>
	<notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000909992</issuerCik>
        <issuerName>BEARD CO /OK</issuerName>
        <issuerTradingSymbol>BRCO</issuerTradingSymbol>
	</issuer>
	<reportingOwner>
		<reportingOwnerId>
            <rptOwnerCik>0001191506</rptOwnerCik>
            <rptOwnerName>BEARD WILLIAM M</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
			<isDirector>1</isDirector>
			<isOfficer>1</isOfficer>
			<isTenPercentOwner>1</isTenPercentOwner>
			<isOther>0</isOther>
			<officerTitle>Chief Executive Officer</officerTitle>
		</reportingOwnerRelationship>
	</reportingOwner>
	<derivativeSecurity>
		<securityTitle>
			<value>Common Stock Warrants</value>
			<footnoteId id="F2"/>
		</securityTitle>
		<conversionOrExercisePrice>
			<value>1.0000</value>
		</conversionOrExercisePrice>
		<transactionDate>
			<value>2003-06-01</value>
		</transactionDate>
		<transactionCoding>
			<transactionFormType>4</transactionFormType>
			<transactionCode>J</transactionCode>
			<equitySwapInvolved>0</equitySwapInvolved>
		</transactionCoding>
		<transactionAmounts>
			<transactionShares>
				<value>6000</value>
			</transactionShares>
			<transactionValue>
				<value>0</value>
			</transactionValue>
			<transactionAcquiredDisposedCode>
				<value>A</value>
			</transactionAcquiredDisposedCode>
		</transactionAmounts>
		<exerciseDate>
			<value>2003-06-01</value>
		</exerciseDate>
		<expirationDate>
			<value>2008-05-31</value>
		</expirationDate>
		<underlyingSecurity>
			<underlyingSecurityTitle>
				<value>Common Stock, $.001333 par value</value>
			</underlyingSecurityTitle>
			<underlyingSecurityShares>
				<value>6000.000</value>
			</underlyingSecurityShares>
		</underlyingSecurity>
		<postTransactionAmounts>
			<sharesOwnedFollowingTransaction>
				<value>6000.000</value>
			</sharesOwnedFollowingTransaction>
		</postTransactionAmounts>
		<ownershipNature>
			<directOrIndirectOwnership>
				<value>I</value>
			</directOrIndirectOwnership>
			<natureOfOwnership>
				<value>By Charitable Unitrust</value>
			</natureOfOwnership>
		</ownershipNature>
	</derivativeSecurity>
	<footnotes>
		<footnote id="F2">On May 31, 2002, the Charitable Unitrust purchased $120,000 of the Company's 10% Subordinated Notes, together with a contingent right to receive Warrants to purchase up to 24,000 shares of the Company's common stock, depending on the holding period of the Notes.  The Charitable Unitrust received 6,0000 Warrants as of June 1, 2003 as a result of holding the Notes more than twelve months.  No consideration was paid for the Warrants</footnote>
	</footnotes>
	<ownerSignature>
		<signatureName>By: Rebecca G. Witcher, Attorney in Fact</signatureName>
		<signatureDate>2003-06-02</signatureDate>
	</ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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