HOME BANCSHARES INC 4
4 · HOME BANCSHARES INC · Filed Aug 16, 2016
Insider Transaction Report
Form 4
Carter Russell Davis III
Centennial Bank Regional Pres.
Transactions
- Sale
Common Stock
2016-08-12$21.22/sh−8,000$169,745→ 13,604.801 total
Holdings
- 40,000
Performance Stock Option
Exercise: $18.46Exp: 2025-08-23→ Common Stock (40,000 underlying) - 5,234(indirect: By IRA)
Common Stock
- 10,000
Common Stock - Restricted
- 16,000
Common Stock - Performance Based
- 4,787.403(indirect: By 401(k))
Common Stock
Footnotes (10)
- [F1]Includes 109.4658 shares (split adjusted) acquired through the Home BancShares, Inc. Dividend Reinvestment Plan since the last filing.
- [F10]The exercise price decreased and the number of shares exercisable increased 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.
- [F2]The reporting person had 6,444 shares (split adjusted) vest since the last filing.
- [F3]Restricted 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.
- [F4]Restricted Stock granted on June 4, 2013 will vest in 33 1/3% installments over three years each June 4th.
- [F5]The 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.
- [F6]The Performance Stock awarded on June 4, 2013 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.
- [F7]Includes 590.395 shares (split adjusted) acquired through the Home BancShares, Inc. 401(k) Plan since the last filing.
- [F8]Once 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.
- [F9]The 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.