Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
ALLISON JOHN W
   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 _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
Chairman
(Last)
(First)
(Middle)
P.O. BOX 966		 3. Date of Earliest Transaction (Month/Day/Year)
01/20/2012
(Street)

CONWAY, AR 72033		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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)
Code V Amount (A) or (D) Price
Common Stock 01/20/2012   A   2,380 A $ 0 2,188,796 (10) D  
Common Stock - Restricted               3,895 (10) (12) (13) D  
Common Stock               4,068 I By IRA
Common Stock               213,840 I By wife
Common Stock               109,222.5347 I By wife as custodian for son
Common Stock               44,609 I By wife and son
Common Stock               16,832 I By Capital Buyers

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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 control number. SEC 1474 (9-02)

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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $ 17.21               (11) 01/09/2018 Common Stock 2,376   2,376 D  
Stock Option $ 6.17               (2)   (2) Common Stock 2,852   2,852 D  
Stock Option $ 7.85               (4)   (4) Common Stock 1,426   1,426 D  
Stock Option $ 7.01               (3)   (3) Common Stock 1,070   1,070 D  
Performance Stock Option $ 11.09             01/01/2010 03/13/2016 Common Stock 44,478   44,478 D  
Stock Option $ 8.42               (5)   (5) Common Stock 1,782   1,782 D  
Stock Option $ 9.83               (6)   (6) Common Stock 1,782   1,782 D  
Stock Option $ 10.66               (7)   (7) Common Stock 1,782   1,782 D  
Stock Option $ 10.66             07/27/2005 07/27/2015 Common Stock 89,100   89,100 D  
Stock Option $ 9.55               (8)   (8) Common Stock 10,078   10,078 D  
Stock Option $ 20.33               (9) 01/18/2017 Common Stock 23,760   23,760 D  
Stock Option $ 17.07               (1) 01/17/2018 Common Stock 17,820   17,820 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ALLISON JOHN W
P.O. BOX 966
CONWAY, AR 72033		   X     Chairman  

Signatures

 /s/John W. Allison by Rachel Wesson   02/09/2012
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) The option became exercisable in five equal annual installments beginning on January 18, 2009.
(2) The option is exercisable in five equal annual installments and expires 10 years from the exercisable date, therefore the first installment became exercisable on December 31, 2000 and would have expired on December 31, 2010.
(3) The option is exercisable in five equal annual installments and expires 10 years from the exercisable date, therefore the first installment became exercisable on December 31, 2001 and would have expired on December 31, 2011.
(4) The option is exercisable in five equal annual installments and expires 10 years from the exercisable date, therefore the first installment became exercisable on December 31, 2002 and expires on December 31, 2012.
(5) The option is exercisable in five equal annual installments and expires 10 years from the exercisable date, therefore the first installment became exercisable on December 31, 2003 and expires on December 31, 2013.
(6) The option is exercisable in five equal annual installments and expires 10 years from the exercisable date, therefore the first installment became exercisable on December 31, 2004 and expires on December 31, 2014.
(7) The option is exercisable in five equal annual installments and expires 10 years from the exercisable date, therefore the first installment became exercisable on December 31, 2005 and expires on December 31, 2015.
(8) 1,440 options have an expiration date of December 31, 2013 and 1,728 options have an expiration date of December 31, 2014. The remaining 6,910 options vested on January 1, 2005 with an expiration date of January 1, 2015.
(9) The option became exercisable in two equal annual installments beginning on January 19, 2008.
(10) The reporting person had 2,682 shares vest since the last filing.
(11) The option became exercisable in five equal annual installments beginning on January 10, 2009.
(12) Restricted Stock granted on January 22, 2010 will vest in 33 1/3% installments over three years each January 22nd.
(13) Restricted Stock granted on February 2, 2011 will vest in 33 1/3% installments over three years each February 2nd.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.