-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 HvC0qOE++WS6bRX70yfVIVRgdpDt2QjPdheOfwP0wUBZpPylK4pSBLKVAigfu80t
 EaDkuYUDuq4MC16BMg9dPA==

<SEC-DOCUMENT>0001181431-10-022514.txt : 20100422
<SEC-HEADER>0001181431-10-022514.hdr.sgml : 20100422
<ACCEPTANCE-DATETIME>20100422150806
ACCESSION NUMBER:		0001181431-10-022514
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100421
FILED AS OF DATE:		20100422
DATE AS OF CHANGE:		20100422

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			QUALLS ROBERT L
		CENTRAL INDEX KEY:			0001229982

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-27641
		FILM NUMBER:		10764342

	MAIL ADDRESS:	
		STREET 1:		5711 R S BOREHAM JR ST
		STREET 2:		P O BOX 2400
		CITY:			FORT SMITH
		STATE:			AR
		ZIP:			72902

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BANK OF THE OZARKS INC
		CENTRAL INDEX KEY:			0001038205
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				710556208
		STATE OF INCORPORATION:			AR
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		12615 CHENAL PARKWAY
		STREET 2:		SUITE 3100
		CITY:			LITTLE ROCK
		STATE:			AR
		ZIP:			72211
		BUSINESS PHONE:		5019782265

	MAIL ADDRESS:	
		STREET 1:		12615 CHENAL PARKWAY
		CITY:			LITTLE ROCK
		STATE:			AR
		ZIP:			72211
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd272810.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2010-04-21</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001038205</issuerCik>
        <issuerName>BANK OF THE OZARKS INC</issuerName>
        <issuerTradingSymbol>OZRK</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001229982</rptOwnerCik>
            <rptOwnerName>QUALLS ROBERT L</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>17901 CHENAL PARKWAY</rptOwnerStreet1>
            <rptOwnerStreet2>P.O. BOX 8811</rptOwnerStreet2>
            <rptOwnerCity>LITTLE ROCK</rptOwnerCity>
            <rptOwnerState>AR</rptOwnerState>
            <rptOwnerZipCode>72231-8811</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Non-Employee Director Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>38.11</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2010-04-21</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>38.11</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2010-04-21</value>
            </exerciseDate>
            <expirationDate>
                <value>2020-04-21</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <ownerSignature>
        <signatureName>/s/ Robert L. Qualls</signatureName>
        <signatureDate>2010-04-21</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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