SEC Form 4 · accession 0000899243-15-003990
HOME BANCSHARES INC · HOMB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Stephen Tipton
Officer — Chief Operating Officer
Period of report
Aug 24, 2015
Accepted (ET)
Aug 25, 2015 · 5:35 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001331520
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock - Restricted StockF1 | Aug 24, 2015 | A | 5,000 | $0.00 | A | 5,000 | D | |
| Common Stock - Performance BasedF2,F3 | Aug 24, 2015 | A | 5,000 | $0.00 | A | 7,000 | D | |
| Common StockF4 | holding | — | — | — | 5,965 | I | By 401(k) | |
| Common Stock | holding | — | — | — | 1,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock OptionF5 | $36.91 | Aug 24, 2015 | A | 20,000 | A | — | Aug 23, 2025 | Common Stock | 20,000 | 20,000 | D |
| Stock OptionF6 | $13.12 | holding | — | — | — | — | Jan 19, 2022 | Common Stock | 14,000 | 14,000 | D |
Explanation of responses
- F1Restricted Stock granted on August 24, 2015 will vest in 33 1/3% installments over five years beginning on the third anniversary of the award date.
- F2The Performance Stock awarded on August 24, 2015 will vest in 33 1/3% installments over five years beginning on the third annual anniversary of the date that the performance goal is met. The performance goal will be met as of the end of the calendar quarter when the Company has averaged $0.625 diluted earnings per share for four consecutive quarters or $2.50 total diluted earnings per share over a period of four consecutive quarters.
- F3The Performance Stock awarded on August 2, 2012 will "cliff" vest on the third annual anniversary of the date that the performance goal is met. The performance goal was met on September 30, 2013 and will therefore "cliff" vest 100% on September 30, 2016.
- F4Includes 21.463 shares acquired through the Home BancShares, Inc. 401(k) Plan since the reporting person's last filing.
- F5Once the performance goal has been met, the Performance Stock Option awarded on August 24, 2015 will become exercisable in seven equal annual installments beginning on the first annual anniversary of the award date. The performance goal will be met as of the end of the calendar quarter when the Company has averaged $0.625 diluted earnings per share for four consecutive quarters or $2.50 total diluted earnings per share over a period of four consecutive quarters.
- F6The option became exercisable in five equal annual installments beginning on January 20, 2013.