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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Ashley Richard H
  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)
(Last)
(First)
(Middle)
P.O. BOX 966
3. Date of Earliest Transaction (Month/Day/Year)
01/18/2019
(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 - Restricted 01/18/2019   A   2,000 (1) A $ 0 6,500 (2) (3) (4) (5) D  
Common Stock               145,853.9904 (2) D  
Common Stock               1,689,236 I By RH Ashley Investments LLC
Common Stock               25,668 (6) I By wife
Common Stock               15,782 (7) I By IRA
Common Stock               1,088 I Custodian for children
Common Stock               3,500 I By Square Associates LLC
Common Stock               7,917.089 (8) I By wife IRA
Common Stock               2,048,960 I By Conservative Development

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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
Common Stock $ 17.12               (9) 04/15/2025 Common Stock 12,000   12,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Ashley Richard H
P.O. BOX 966
CONWAY, AR 72033
  X      

Signatures

 /s/Richard H. Ashley by Micah Osborne   01/23/2019
**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) Restricted Stock granted on January 18, 2019 will vest in 33 1/3% installments over three years beginning on the first anniversary of the award date.
(2) The reporting person had 500 shares vest since the last filing.
(3) Restricted Stock granted on January 19, 2018 will vest in 33 1/3% installments over three years beginning on the first anniversary of the award date.
(4) Restricted Stock granted on January 20, 2017 will "cliff" vest 100% three years from award date.
(5) Restricted Stock granted on January 25, 2016 will "cliff" vest 100% three years from award date.
(6) Reflects a correction to the number of shares beneficially owned, which were incorrectly reported in the reporting person's previously filed Forms 4.
(7) Includes 322 shares acquired through the Home BancShares, Inc. Dividend Reinvestment Plan since the last filing.
(8) Includes 163.420 shares acquired through the Home BancShares, Inc. Dividend Reinvestment Plan since the last filing.
(9) The option is exercisable in five equal annual installments. The first installment became exercisable on April 16, 2016.

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