SEC Form 4 · accession 0000899243-16-027226
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
Aug 12, 2016
Accepted (ET)
Aug 16, 2016 · 12:06 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 StockF1,F2,F9 | Aug 12, 2016 | S | 8,000 | $21.2181 | D | 13,605 | D | |
| Common Stock - RestrictedF2,F3,F4,F9 | holding | — | — | — | 10,000 | D | ||
| Common Stock - Performance BasedF5,F6,F9 | holding | — | — | — | 16,000 | D | ||
| Common StockF7,F9 | holding | — | — | — | 4,787 | I | By 401(k) | |
| Common StockF9 | holding | — | — | — | 5,234 | 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 OptionF10,F8,F9 | $18.46 | holding | — | — | — | — | Aug 23, 2025 | Common Stock | 40,000 | 40,000 | D |
Explanation of responses
- F1Includes 109.4658 shares (split adjusted) acquired through the Home BancShares, Inc. Dividend Reinvestment Plan since the last filing.
- F10The exercise price decreased and the number of shares exercisable increased as a result of the Company declaring a 2-for-1 stock split to shareholders of record May 18, 2016 and made payable June 8, 2016.
- F2The reporting person had 6,444 shares (split adjusted) vest since the last filing.
- F3Restricted 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.
- F4Restricted Stock granted on June 4, 2013 will vest in 33 1/3% installments over three years each June 4th.
- F5The 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.
- F6The 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.
- F7Includes 590.395 shares (split adjusted) acquired through the Home BancShares, Inc. 401(k) Plan since the last filing.
- F8Once 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.
- F9The reporting person received shares as a result of the Company declaring a 2-for-1 stock split to shareholders of record as of May 18, 2016 and made payable June 8, 2016.