SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

LIEBLONG ALEX R

(Last)

(First)

(Middle)

P.O. BOX 966

(Street)

CONWAY

72033

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/06/2006

3. Issuer Name and Ticker or Trading Symbol
HOME BANCSHARES INC [ HOMB ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

5. If Amendment, Date of 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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	37,026	D
Common Stock	158,550	D
Common Stock	342,900	I	By Key Colony Fund (hedge fund managing partner)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Incentive Stock Option	⁽¹⁾	⁽²⁾	Common Stock	2,250	$7.33	D
Incentive Stock Option	⁽³⁾	⁽⁴⁾	Common Stock	1,500	$8.33	D
Incentive Stock Option	⁽⁵⁾	⁽⁶⁾	Common Stock	1,500	$9.33	D
Incentive Stock Option	⁽⁷⁾	⁽⁸⁾	Common Stock	1,500	$10	D
Incentive Stock Option	⁽⁹⁾	⁽¹⁰⁾	Common Stock	1,500	$11.67	D
Incentive Stock Option	⁽¹¹⁾	⁽¹²⁾	Common Stock	1,500	$12.67	D
Convertible Preferred Stock Class B	⁽¹³⁾	⁽¹³⁾	Preferred Stock Class B	3,678	$38⁽¹³⁾	I	Held by wife

Explanation of Responses:

1. The option is exerciseable in five equal annual installments. The first installment became exerciseable on December 31, 2000.

2. The option expires 10 years from the exerciseable date, therefore the first installment became exerciseable on December 31, 2000 and expires on December 31, 2010.

3. The option is exerciseable in five equal annual installments. The first installment became exerciseable on December 31, 2001.

4. The option expires 10 years from the exerciseable date, therefore the first installment became exerciseable on December 31, 2001 and expires on December 31, 2011.

5. The option is exerciseable in five equal annual installments. The first installment became exerciseable on December 31, 2002.

6. The option expires 10 years from the exerciseable date, therefore the first installment became exerciseable on December 31, 2002 and expires on December 31, 2012.

7. The option is exerciseable in five equal annual installments. The first installment became exerciseable on December 31, 2003.

8. The option expires 10 years from the exerciseable date, therefore the first installment became exerciseable on December 31, 2003 and expires on December 31, 2013.

9. The option is exerciseable in five equal annual installments. The first installment became exerciseable on December 31, 2004.

10. The option expires 10 years from the exerciseable date, therefore the first installment became exerciseable on December 31, 2004 and expires on December 31, 2014.

11. The option is exerciseable in five equal annual installments. The first installment became exerciseable on December 31, 2005.

12. The option expires 10 years from the exerciseable date, therefore the first installment became exerciseable on December 31, 2005 and expires on December 31, 2015.

13. The preferred stock is convertible after July 6, 2006 on a basis of 3 shares of common stock for every one share of Class B Preferred Stock. This stock has no expiration date.

	/s/Alex R. Lieblong	06/06/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.