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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(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 _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman
(Last)
(First)
(Middle)
P.O. BOX 966		 3. Date of Earliest Transaction (Month/Day/Year)
01/10/2017
(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)
Code V Amount (A) or (D) Price
Common Stock 11/14/2016   G V 39,526 D $ 0 4,954,458 D  
Common Stock 11/15/2016   G V 38,790 D $ 0 4,915,668 D  
Common Stock 11/16/2016   G V 39,078 D $ 0 4,876,590 D  
Common Stock 11/17/2016   G V 38,880 D $ 0 4,837,710 D  
Common Stock 11/18/2016   G V 6,850 D $ 0 4,830,860 D  
Common Stock 01/10/2017   M   1,425 A $ 2.1 4,832,285 D  
Common Stock 01/10/2017   M   1,425 A $ 2.46 4,833,710 D  
Common Stock 01/10/2017   M   1,425 A $ 2.66 4,835,135 D  
Common Stock 01/10/2017   M   95,040 A $ 5.08 4,930,175 D  
Common Stock 01/10/2017   F   17,945 D $ 27.48 4,912,230 D  
Common Stock - Restricted               286,666 (1) (2) (3) D  
Common Stock               13,752.518 (4) I By 401(k)
Common Stock               67,328 I By Capital Buyers
Common Stock               16,272 I By IRA
Common Stock               855,360 I By wife

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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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $ 2.1 01/10/2017   M     1,425   (5)   (5) Common Stock 1,425 $ 0 0 D  
Stock Option $ 2.46 01/10/2017   M     1,425   (6)   (6) Common Stock 2,851 $ 0 1,425 D  
Stock Option $ 2.66 01/10/2017   M     1,425   (7)   (7) Common Stock 4,276 $ 0 2,851 D  
Stock Option $ 5.08 01/10/2017   M     95,040   (8) 01/18/2017 Common Stock 95,040 $ 0 0 D  
Stock Option $ 4.27               (9) 01/17/2018 Common Stock 71,280   71,280 D  
Stock Option $ 4.3               (10) 01/09/2018 Common Stock 9,504   9,504 D  
Stock Option $ 8.62             01/18/2014 01/17/2023 Common Stock 100,000   100,000 D  

Reporting Owners

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

Signatures

 /s/John W. Allison by Rachel Wesson   01/12/2017
**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) Restricted Stock granted on January 25, 2016 will "cliff" vest 100% three years from award date.
(2) Restricted Stock granted on January 17, 2014 will vest in 33 1/3% installments over three years each January 17th.
(3) Restricted Stock granted on January 16, 2015 will "cliff" vest 100% three years from award date.
(4) Includes 46.206 shares acquired through the Home BancShares, Inc. 401(k) Plan since the reporting person's last filing.
(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 would have expired 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 would have expired 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 would have expired on December 31, 2015.
(8) The option became exercisable in two equal annual installments beginning on January 19, 2008.
(9) The option became exercisable in five equal annual installments beginning on January 18, 2009.
(10) The option became exercisable in five equal annual installments beginning on January 10, 2009.

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