HOME BANCSHARES INC 4
4 · HOME BANCSHARES INC · Filed Aug 31, 2015
Insider Transaction Report
Form 4
Haynes Jim F JR
Centennial Bank Regional Pres.
Transactions
- Sale
Common Stock
2015-08-27$38.01/sh−800$30,409→ 2,200 total
Holdings
- 5,000
Common Stock - Restricted
- 8,000
Common Stock - Performance Based
- 20,000
Performance Stock Option
Exercise: $36.91Exp: 2025-08-23→ Common Stock (20,000 underlying) - 4,885.484(indirect: By 401(k))
Common Stock
Footnotes (4)
- [F1]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.
- [F2]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.
- [F3]The Performance Stock awarded on August 2, 2012 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.
- [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.