HOME BANCSHARES INC 4
4 · HOME BANCSHARES INC · Filed Nov 15, 2016
Insider Transaction Report
Form 4
TIPTON JOHN STEPHEN
Centennial Bank CEO
Transactions
- Sale
Common Stock
2016-11-14$25.49/sh−14,000$356,906→ 6,000 total
Holdings
- 10,000
Common Stock - Performance Based
- 13,676.473(indirect: By 401(k))
Common Stock
- 10,000
Common Stock - Restricted Stock
- 14,000
Stock Option
Exercise: $6.56Exp: 2022-01-19→ Common Stock (14,000 underlying) - 40,000
Performance Stock Option
Exercise: $18.46Exp: 2025-08-23→ Common Stock (40,000 underlying)
Footnotes (4)
- [F1]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.
- [F2]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.
- [F3]The option became exercisable in five equal annual installments beginning on January 20, 2013.
- [F4]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.