SEC Form 4 · accession 0000899243-16-033136
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
Nov 9, 2016
Accepted (ET)
Nov 10, 2016 · 2:05 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,F2 | Nov 9, 2016 | M | 14,000 | $6.56 | A | 20,000 | D | |
| Common Stock - Performance BasedF1,F2,F3,F4 | holding | — | — | — | 10,000 | D | ||
| Common StockF1,F5 | holding | — | — | — | 13,676 | I | By 401(k) | |
| Common Stock - Restricted StockF1,F6 | holding | — | — | — | 10,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF7,F8,F1 | $6.56 | Nov 9, 2016 | M | 14,000 | D | — | Jan 19, 2022 | Common Stock | 14,000 | 14,000 | D |
| Performance Stock OptionF7,F9,F1 | $18.46 | holding | — | — | — | — | Aug 23, 2025 | Common Stock | 40,000 | 40,000 | D |
Explanation of responses
- F1The 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.
- F2The reporting person had 4,000 shares (split adjusted) vest since the last filing.
- F3The 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.
- F4The Performance Stock awarded on August 2, 2012 "cliff" vested on the third annual anniversary of the date that the performance goal is met. The performance goal was met on September 30, 2013 and therefore "cliff" vested 100% on September 30, 2016.
- F5Includes 1,186.251 shares (split adjusted) acquired through the Home BancShares, Inc. 401(k) Plan since the reporting person's last filing.
- F6Restricted 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.
- F7The exercise price decreased 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.
- F8The option became exercisable in five equal annual installments beginning on January 20, 2013.
- F9Once 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.