SEC Form 4 · accession 0000899243-16-013222
HOME BANCSHARES INC · HOMB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Russell Davis Carter III
Officer — Centennial Bank Regional Pres.
Period of report
Feb 11, 2016
Accepted (ET)
Feb 12, 2016 · 4:48 pm EST
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 StockF1 | Feb 11, 2016 | P | 1,000 | $36.58 | A | 7,526 | D | |
| Common Stock - RestrictedF2,F3 | holding | — | — | — | 8,222 | D | ||
| Common Stock - Performance BasedF4,F5 | holding | — | — | — | 8,000 | D | ||
| Common StockF6 | holding | — | — | — | 2,099 | I | By 401(k) | |
| Common Stock | holding | — | — | — | 2,617 | I | Held by IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock OptionF7 | $36.91 | holding | — | — | — | — | Aug 23, 2025 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1Includes 0.2676 shares acquired through the Home BancShares, Inc. Dividend Reinvestment Plan since the last filing.
- F2Restricted 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.
- F3Restricted Stock granted on June 4, 2013 will vest in 33 1/3% installments over three years each June 4th.
- F4The 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.
- F5The Performance Stock awarded on June 4, 2013 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.
- F6Includes 401.590 shares acquired through the Home BancShares, Inc. 401(k) Plan since the last filing.
- F7Once 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.