SEC FORM 4/A

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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2006

4. If Amendment, Date of Original Filed (Month/Day/Year)
06/27/2006

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	06/23/2006		P		5,824	A	$18	2,042,632	D
Common Stock								180,000	I	Held solely by wife
Common Stock								90,000	I	Held by wife-custodian for daughter
Common Stock								90,000	I	Held by wife-custodian for son

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)
Incentive Stock Option	$7.33							⁽¹⁾	⁽¹⁾	Common Stock	6,000		6,000	D
Incentive Stock Option	$8.33							⁽²⁾	⁽²⁾	Common Stock	1,500		1,500	D
Incentive Stock Option	$9.33							⁽³⁾	⁽³⁾	Common Stock	1,500		1,500	D
Incentive Stock Option	$10							⁽⁴⁾	⁽⁴⁾	Common Stock	1,500		1,500	D
Incentive Stock Option	$11.67							⁽⁵⁾	⁽⁵⁾	Common Stock	1,500		1,500	D
Incentive Stock Option	$12.67							⁽⁶⁾	⁽⁶⁾	Common Stock	1,500		1,500	D
Incentive Stock Option	$12.67							07/27/2005	07/27/2015	Common Stock	75,000		75,000	D
Incentive Stock Option	$11.34							⁽⁷⁾	⁽⁷⁾	Common Stock	8,484		8,484	D
Incentive Stock Option	$11.87							⁽⁸⁾	⁽⁸⁾	Preferred Stock Class B	948		948	D
Convertible Preferred Stock Class B	⁽⁹⁾							⁽⁹⁾	⁽⁹⁾	Preferred Stock Class B	30,269		30,269	D
Convertible Preferred Stock Class B	⁽⁹⁾							⁽⁹⁾	⁽⁹⁾	Preferred Stock Class B	1,270		1,270	D
Convertible Preferred Stock Class B	⁽⁹⁾							⁽⁹⁾	⁽⁹⁾	Preferred Stock Class B	4,723		4,723	I	Held by Capital Buyers

Explanation of Responses:

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

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

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

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

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

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

7. Options were granted by TCBancorp. Upon merger with Home BancShares, these options became 100% vested. However, prior to the merger, 1,212 options had vested with an expiration date of 12/31/2013 and 1,454 options had vested with an expiration date of 12/31/2014. The remaining 5,818 options vested on 1/1/2005 with an expiration date of 1/1/2015.

8. Options were granted by Marine Bancorp. Upon merger with Home BancShares, these options became 100% vested. However, prior to the merger, 645 options were vested with an expiration date of 12/31/2009 and 251 options were vested with an expiration date of 3/31/2011. The remaining 52 options were vested on 6/1/05 with an expiration date of 3/31/2011.

9. The preferred stock is convertible after July 6, 2006 on a basis of 3 shares of common stock for every one share of Class B Preferred Stock. This stock has no expiration date.

	/s/John W. Allison by LaMonica Johnston	07/07/2006
	** 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.