SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

ALLISON JOHN W

(Last)

(First)

(Middle)

P.O. BOX 966

(Street)

CONWAY

72033

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
HOME BANCSHARES INC [ HOMB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
09/19/2008

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/19/2008		S		3,600	D	$30	94,808.7037⁽¹²⁾⁽¹³⁾	I	By wife as custodian for daughter
Common Stock	09/19/2008		S		700	D	$30.01	94,108.7037⁽¹²⁾⁽¹³⁾	I	By wife as custodian for daughter
Common Stock	09/19/2008		S		100	D	$31	94,008.7037⁽¹²⁾⁽¹³⁾	I	By wife as custodian for daughter
Common Stock	09/19/2008		S		100	D	$30.02	93,908.7037⁽¹²⁾⁽¹³⁾	I	By wife as custodian for daughter
Common Stock								2,278,960⁽¹³⁾	D
Common Stock								194,400⁽¹³⁾	I	By wife
Common Stock								98,408.7037⁽¹²⁾⁽¹³⁾	I	By wife as custodian for son
Common Stock								3,699⁽¹³⁾	I	By IRA
Common Stock								15,302⁽¹³⁾	I	By Capital Buyers

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option	$18.78⁽¹⁴⁾							⁽¹⁾	01/17/2018	Common Stock	16,200		16,200⁽¹³⁾	D
Performance Stock Option	$12.2⁽¹⁴⁾							01/01/2010	03/13/2016	Common Stock	26,956		26,956⁽¹³⁾	D
Stock Option	$6.79⁽¹⁴⁾							⁽²⁾	⁽²⁾	Common Stock	6,480		6,480⁽¹³⁾	D
Stock Option	$7.71⁽¹⁴⁾							⁽³⁾	⁽³⁾	Common Stock	1,620		1,620⁽¹³⁾	D
Stock Option	$8.64⁽¹⁴⁾							⁽⁴⁾	⁽⁴⁾	Common Stock	1,620		1,620⁽¹³⁾	D
Stock Option	$9.26⁽¹⁴⁾							⁽⁵⁾	⁽⁵⁾	Common Stock	1,620		1,620⁽¹³⁾	D
Stock Option	$10.81⁽¹⁴⁾							⁽⁶⁾	⁽⁶⁾	Common Stock	1,620		1,620⁽¹³⁾	D
Stock Option	$11.73⁽¹⁴⁾							⁽⁷⁾	⁽⁷⁾	Common Stock	1,620		1,620⁽¹³⁾	D
Stock Option	$11.73⁽¹⁴⁾							07/27/2005	07/27/2015	Common Stock	81,000		81,000⁽¹³⁾	D
Stock Option	$10.5⁽¹⁴⁾							⁽⁸⁾	⁽⁸⁾	Common Stock	9,162		9,162⁽¹³⁾	D
Stock Option	$22.36⁽¹⁴⁾							⁽⁹⁾	01/18/2017	Common Stock	21,600		21,600⁽¹³⁾	D
Stock Option	$5.69⁽¹⁴⁾							⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	3,072		3,072⁽¹³⁾	D
Stock Option	$18.93⁽¹⁴⁾							⁽¹¹⁾	01/09/2018	Common Stock	2,160		2,160⁽¹³⁾	D

Explanation of Responses:

1. The option is exercisable in five equal annual installments beginning on January 18, 2009.

2. The option is exercisable in five equal annual installments and expires 10 years from the exercisable date, therefore the first installment became exercisable on December 31, 2000 and expires on December 31, 2010.

3. The option is exercisable in five equal annual installments and expires 10 years from the exercisable date, therefore the first installment became exercisable on December 31, 2001 and expires on December 31, 2011.

4. The option is exercisable in five equal annual installments and expires 10 years from the exercisable date, therefore the first installment became exercisable on December 31, 2002 and expires on December 31, 2012.

5. The option is exercisable in five equal annual installments and expires 10 years from the exercisable date, therefore the first installment became exercisable on December 31, 2003 and expires on December 31, 2013.

6. The option is exercisable in five equal annual installments and expires 10 years from the exercisable date, therefore the first installment became exercisable on December 31, 2004 and expires on December 31, 2014.

7. The option is exercisable in five equal annual installments and expires 10 years from the exercisable date, therefore the first installment became exercisable on December 31, 2005 and expires on December 31, 2015.

8. 1,309 options have an expiration date of December 31, 2013 and 1,571 options have an expiration date of December 31, 2014. The remaining 6,282 options vested on January 1, 2005 with an expiration date of January 1, 2015.

9. The option is exercisable in two equal annual installments beginning on January 19, 2008.

10. 2,090 options have an expiration date of 12/31/2009 and 836 options have an expiration date of 3/31/2011. The remaining 146 options have an expiration date of 3/20/2012.

11. The option is exercisable in five equal annual installments beginning on January 10, 2009.

12. Includes 1208.7037 shares acquired through the Home BancShares, Inc. Dividend Reinvestment Plan since the last filing.

13. The reporting person received shares as a result of the Company declaring an 8% stock dividend to shareholders of record as of August 13, 2008 and made payable on August 27, 2008.

14. The exercise price decreased as a result of the Company declaring an 8% stock dividend to shareholders of record as of August 13, 2008 and made payable on August 27, 2008.

	/s/John W. Allison by Rachel Starkey	09/23/2008
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.