X0303 4 2011-06-21 0 0001006424 FIRST FEDERAL BANCSHARES OF ARKANSAS INC FFBH 0001103809 HAMMERSCHMIDT JOHN PAUL C/O FIRST FEDERAL BANK PO BOX 550 HARRISON AR 72602 1 0 0 0 Common Stock 2011-06-21 4 X 0 28104 3 A 37472 D Common Stock 2011-06-21 4 X 0 3000 3 A 4000 I Hammerschmidt Lumber Company Subscription rights (rights to buy) 3 2011-06-21 4 X 0 9368 0 D 2011-05-11 2011-06-21 Common Stock 28104 0 D Subscription Rights (Rights to buy) 3 2011-06-21 4 X 0 1000 0 D 2011-05-11 2011-06-11 Common Stock 3000 0 I Hammerschmidt Lumber Company Shares were purchased by exercising non-transferable subscription rights (Rights) of First Federal Bancshares of Arkansas, Inc. (Company) pursuant to the rights offering (Rights Offering) commenced on 5/11/11. Shareholders (S/H) who held shares of the Company's common stock as of 3/23/11 (Record Date) received 1 Right for each share of common stock, as adjusted to take into account the 1-for-5 reverse stock split effected on 5/3/11 (Reverse Split), owned on the Record Date. Each Right entitled S/H to purchase 3 shares of common stock at a subscription price of $3 per share. In addition, if a S/H timely & fully exercised its Rights with respect to all of the Rights it held & other Rights holders did not exercise their Rights in full, such S/H had an oversubscription privilege to subscribe for a portion of shares of common stock offered in the Rights Offering, subject to availability & allocation, that were not purchased by other Rights holders (Oversubscription Privilege). Acquisition does not reflect any shares subscribed for pursuant to the Oversubscription Privilege. If additional shares not purchased by other Rights holders are purchased by, or attributable to, the reporting person pursuant to the Oversubscription Privilege, such additional shares will be promptly reported in an amendment to this beneficial ownership report. All shares have been adjusted to reflect the Reverse Split. /s/ John Paul Hammerschmidt by Sherri Billings POA 2011-06-23