Edgar Filing: HOME BANCSHARES INC

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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3235-0287

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

ALLISON JOHN W

2. Issuer Name and Ticker or Trading Symbol
HOME BANCSHARES INC [HOMB]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	__X__ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Chairman and CEO

(Last)

(First)

(Middle)

P.O. BOX 966

3. Date of Earliest Transaction (Month/Day/Year)
09/19/2008

(Street)

CONWAY, AR 72033

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/19/2008		S		3,600	D	$ 30	94,808.7037 ⁽¹²⁾ ⁽¹³⁾	I	By wife as custodian for daughter
Common Stock	09/19/2008		S		700	D	$ 30.01	94,108.7037 ⁽¹²⁾ ⁽¹³⁾	I	By wife as custodian for daughter
Common Stock	09/19/2008		S		100	D	$ 31	94,008.7037 ⁽¹²⁾ ⁽¹³⁾	I	By wife as custodian for daughter
Common Stock	09/19/2008		S		100	D	$ 30.02	93,908.7037 ⁽¹²⁾ ⁽¹³⁾	I	By wife as custodian for daughter
Common Stock								2,278,960 ⁽¹³⁾	D
Common Stock								194,400 ⁽¹³⁾	I	By wife
Common Stock								98,408.7037 ⁽¹²⁾ ⁽¹³⁾	I	By wife as custodian for son
Common Stock								3,699 ⁽¹³⁾	I	By IRA
Common Stock								15,302 ⁽¹³⁾	I	By Capital Buyers

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option

$ 18.78 ⁽¹⁴⁾

⁽¹⁾

01/17/2018

Common Stock

16,200

16,200 ⁽¹³⁾

Performance Stock Option

$ 12.2 ⁽¹⁴⁾

01/01/2010

03/13/2016

Common Stock

26,956

26,956 ⁽¹³⁾

Stock Option

$ 6.79 ⁽¹⁴⁾

⁽²⁾

Common Stock

6,480

6,480 ⁽¹³⁾

Stock Option

$ 7.71 ⁽¹⁴⁾

⁽³⁾

Common Stock

1,620

1,620 ⁽¹³⁾

Stock Option

$ 8.64 ⁽¹⁴⁾

⁽⁴⁾

Common Stock

1,620

1,620 ⁽¹³⁾

Stock Option

$ 9.26 ⁽¹⁴⁾

⁽⁵⁾

Common Stock

1,620

1,620 ⁽¹³⁾

Stock Option

$ 10.81 ⁽¹⁴⁾

⁽⁶⁾

Common Stock

1,620

1,620 ⁽¹³⁾

Stock Option

$ 11.73 ⁽¹⁴⁾

⁽⁷⁾

Common Stock

1,620

1,620 ⁽¹³⁾

Stock Option

$ 11.73 ⁽¹⁴⁾

07/27/2005

07/27/2015

Common Stock

81,000

81,000 ⁽¹³⁾

Stock Option

$ 10.5 ⁽¹⁴⁾

⁽⁸⁾

Common Stock

9,162

9,162 ⁽¹³⁾

Stock Option

$ 22.36 ⁽¹⁴⁾

⁽⁹⁾

01/18/2017

Common Stock

21,600

21,600 ⁽¹³⁾

Stock Option

$ 5.69 ⁽¹⁴⁾

⁽¹⁰⁾

Common Stock

3,072

3,072 ⁽¹³⁾

Stock Option

$ 18.93 ⁽¹⁴⁾

⁽¹¹⁾

01/09/2018

Common Stock

2,160

2,160 ⁽¹³⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
ALLISON JOHN W P.O. BOX 966 CONWAY, AR 72033	X	X	Chairman and CEO

Signatures

/s/John W. Allison by Rachel Starkey		09/23/2008
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The option is exercisable in five equal annual installments beginning on January 18, 2009.
(2)	The option is exercisable in five equal annual installments and expires 10 years from the exercisable date, therefore the first installment became exercisable on December 31, 2000 and expires on December 31, 2010.
(3)	The option is exercisable in five equal annual installments and expires 10 years from the exercisable date, therefore the first installment became exercisable on December 31, 2001 and expires on December 31, 2011.
(4)	The option is exercisable in five equal annual installments and expires 10 years from the exercisable date, therefore the first installment became exercisable on December 31, 2002 and expires on December 31, 2012.
(5)	The option is exercisable in five equal annual installments and expires 10 years from the exercisable date, therefore the first installment became exercisable on December 31, 2003 and expires on December 31, 2013.
(6)	The option is exercisable in five equal annual installments and expires 10 years from the exercisable date, therefore the first installment became exercisable on December 31, 2004 and expires on December 31, 2014.
(7)	The option is exercisable in five equal annual installments and expires 10 years from the exercisable date, therefore the first installment became exercisable on December 31, 2005 and expires on December 31, 2015.
(8)	1,309 options have an expiration date of December 31, 2013 and 1,571 options have an expiration date of December 31, 2014. The remaining 6,282 options vested on January 1, 2005 with an expiration date of January 1, 2015.
(9)	The option is exercisable in two equal annual installments beginning on January 19, 2008.
(10)	2,090 options have an expiration date of 12/31/2009 and 836 options have an expiration date of 3/31/2011. The remaining 146 options have an expiration date of 3/20/2012.
(11)	The option is exercisable in five equal annual installments beginning on January 10, 2009.
(12)	Includes 1208.7037 shares acquired through the Home BancShares, Inc. Dividend Reinvestment Plan since the last filing.
(13)	The reporting person received shares as a result of the Company declaring an 8% stock dividend to shareholders of record as of August 13, 2008 and made payable on August 27, 2008.
(14)	The exercise price decreased as a result of the Company declaring an 8% stock dividend to shareholders of record as of August 13, 2008 and made payable on August 27, 2008.

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