SEC Form 4 · accession 0000899243-16-034235
HOME BANCSHARES INC · HOMB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donna Townsell
Officer — Senior Exec VP
Period of report
Nov 21, 2016
Accepted (ET)
Nov 23, 2016 · 10:01 am 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,F3 | Nov 21, 2016 | S | 4,291 | $26.3501 | D | 12,000 | D | |
| Common StockF1 | holding | — | — | — | 7,264 | I | Custodian for daughter | |
| Common Stock - Performance BasedF1,F2,F4,F5 | holding | — | — | — | 20,000 | D | ||
| Common Stock - RestrictedF1,F6 | holding | — | — | — | 20,000 | 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 | $21.25 | holding | — | — | — | — | Apr 20, 2026 | Common Stock | 20,000 | 20,000 | D |
| Stock OptionF7,F9,F1 | $6.56 | holding | — | — | — | — | Jan 19, 2022 | Common Stock | 40,000 | 40,000 | D |
| Performance Stock OptionF7,F10,F1 | $18.46 | holding | — | — | — | — | Aug 23, 2025 | Common Stock | 100,000 | 100,000 | 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.
- F10Once 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.
- F2The reporting person had 6,000 shares (split adjusted) vest since the last filing.
- F3Includes 49.16 shares acquired through the Home BancShares, Inc. Dividend Reinvestment Plan since the last filing.
- F4The 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.
- 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.
- 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 as of May 18, 2016 and made payable June 8, 2016.
- F8The option is exercisable in five equal annual installments. The first installment becomes exercisable on April 21, 2017.
- F9The option became exercisable in five equal annual installments beginning on January 20, 2013.