<SUBMISSION>
<ACCESSION-NUMBER>0001179110-03-006401
<TYPE>3
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20030826
<FILING-DATE>20030826
<REPORTING-OWNER>
<OWNER-DATA>
<CONFORMED-NAME>CHIDESTER DAVID K
<CIK>0001261036
</OWNER-DATA>
<FILING-VALUES>
<FORM-TYPE>3
<ACT>34
<FILE-NUMBER>000-49799
<FILM-NUMBER>03866733
</FILING-VALUES>
<MAIL-ADDRESS>
<STREET1>6322 S 3000 E
<STREET2>STE 100
<CITY>SALT LAKE CITY
<STATE>UT
<ZIP>84121
</MAIL-ADDRESS>
</REPORTING-OWNER>
<ISSUER>
<COMPANY-DATA>
<CONFORMED-NAME>OVERSTOCK COM INC
<CIK>0001130713
<ASSIGNED-SIC>7389
<IRS-NUMBER>870634302
<STATE-OF-INCORPORATION>UT
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<BUSINESS-ADDRESS>
<STREET1>6322 SOUTH 3000 EAST
<STREET2>STE 100
<CITY>SALT LAKE CITY
<STATE>UT
<ZIP>84121
<PHONE>8019473100
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>6322 SOUTH 3000 EAST
<STREET2>STE 100
<CITY>SALT LAKE CITY
<STATE>UT
<ZIP>84121
</MAIL-ADDRESS>
</ISSUER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>FORM 3 -
<TEXT>
<XML>
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>3</documentType>
<periodOfReport>2003-08-26</periodOfReport>
    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001130713</issuerCik>
        <issuerName>OVERSTOCK COM INC</issuerName>
        <issuerTradingSymbol>OSTK</issuerTradingSymbol>
</issuer>
<reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001261036</rptOwnerCik>
            <rptOwnerName>CHIDESTER DAVID K</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>6322 SOUTH 3000 EAST</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 100</rptOwnerStreet2>
            <rptOwnerCity>SALT LAKE CITY</rptOwnerCity>
            <rptOwnerState>UT</rptOwnerState>
            <rptOwnerZipCode>84121</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>1</isOfficer>
<isTenPercentOwner>0</isTenPercentOwner>
<isOther>0</isOther>
<officerTitle>CFO</officerTitle>
<otherText></otherText>
</reportingOwnerRelationship>
</reportingOwner>
<nonDerivativeTable><nonDerivativeHolding><securityTitle><value>Common Stock</value>
</securityTitle>
<postTransactionAmounts><sharesOwnedFollowingTransaction><value>100</value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeHolding>
</nonDerivativeTable>
<derivativeTable><derivativeHolding><securityTitle><value>Stock Option</value>
</securityTitle>
<conversionOrExercisePrice><value>3.69</value>
</conversionOrExercisePrice>
<exerciseDate><value>2000-08-23</value>
<footnoteId id="F1"></footnoteId>
</exerciseDate>
<expirationDate><value>2004-08-22</value>
</expirationDate>
<underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares><value>309</value>
</underlyingSecurityShares>
</underlyingSecurity>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeHolding>
<derivativeHolding><securityTitle><value>Stock Option</value>
</securityTitle>
<conversionOrExercisePrice><value>7.09</value>
</conversionOrExercisePrice>
<exerciseDate><value>2000-11-15</value>
<footnoteId id="F1"></footnoteId>
</exerciseDate>
<expirationDate><value>2004-11-14</value>
</expirationDate>
<underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares><value>177</value>
</underlyingSecurityShares>
</underlyingSecurity>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeHolding>
<derivativeHolding><securityTitle><value>Stock Option</value>
</securityTitle>
<conversionOrExercisePrice><value>7.09</value>
</conversionOrExercisePrice>
<exerciseDate><value>2000-12-15</value>
<footnoteId id="F1"></footnoteId>
</exerciseDate>
<expirationDate><value>2004-12-14</value>
</expirationDate>
<underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares><value>883</value>
</underlyingSecurityShares>
</underlyingSecurity>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeHolding>
<derivativeHolding><securityTitle><value>Stock Option</value>
</securityTitle>
<conversionOrExercisePrice><value>7.09</value>
</conversionOrExercisePrice>
<exerciseDate><value>2001-05-12</value>
<footnoteId id="F1"></footnoteId>
</exerciseDate>
<expirationDate><value>2005-05-11</value>
</expirationDate>
<underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares><value>1412</value>
</underlyingSecurityShares>
</underlyingSecurity>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeHolding>
<derivativeHolding><securityTitle><value>Stock Option</value>
</securityTitle>
<conversionOrExercisePrice><value>5.07</value>
</conversionOrExercisePrice>
<exerciseDate><value>2002-02-22</value>
<footnoteId id="F1"></footnoteId>
</exerciseDate>
<expirationDate><value>2006-02-21</value>
</expirationDate>
<underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares><value>8776</value>
</underlyingSecurityShares>
</underlyingSecurity>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeHolding>
<derivativeHolding><securityTitle><value>Stock Option</value>
</securityTitle>
<conversionOrExercisePrice><value>2.84</value>
</conversionOrExercisePrice>
<exerciseDate><value>2002-10-30</value>
<footnoteId id="F1"></footnoteId>
</exerciseDate>
<expirationDate><value>2006-10-29</value>
</expirationDate>
<underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares><value>2796</value>
</underlyingSecurityShares>
</underlyingSecurity>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeHolding>
<derivativeHolding><securityTitle><value>Stock Options</value>
</securityTitle>
<conversionOrExercisePrice><value>5.07</value>
</conversionOrExercisePrice>
<exerciseDate><value>2003-01-22</value>
<footnoteId id="F1"></footnoteId>
</exerciseDate>
<expirationDate><value>2007-01-21</value>
</expirationDate>
<underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares><value>9881</value>
</underlyingSecurityShares>
</underlyingSecurity>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeHolding>
<derivativeHolding><securityTitle><value>Stock Option</value>
</securityTitle>
<conversionOrExercisePrice><value>13.57</value>
</conversionOrExercisePrice>
<exerciseDate><value>2004-03-17</value>
<footnoteId id="F1"></footnoteId>
</exerciseDate>
<expirationDate><value>2008-03-16</value>
</expirationDate>
<underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares><value>4000</value>
</underlyingSecurityShares>
</underlyingSecurity>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeHolding>
<derivativeHolding><securityTitle><value>Stock Option</value>
</securityTitle>
<conversionOrExercisePrice><value>13.09</value>
</conversionOrExercisePrice>
<exerciseDate><value>2004-07-29</value>
<footnoteId id="F1"></footnoteId>
</exerciseDate>
<expirationDate><value>2008-07-28</value>
</expirationDate>
<underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value>
</underlyingSecurityTitle>
<underlyingSecurityShares><value>2766</value>
</underlyingSecurityShares>
</underlyingSecurity>
<ownershipNature><directOrIndirectOwnership><value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeHolding>
</derivativeTable>
<footnotes><footnote id="F1">Represents an option in which 28% of the shares vest one year from the date of grant, and an additional 2% of the shares vest each month thereafter.</footnote>
</footnotes>
<ownerSignature><signatureName>/s/ David K. Chidester</signatureName>
<signatureDate>2003-08-26</signatureDate>
</ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SUBMISSION>
