SEC FORM 4

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Casteel Marty

(Last)

(First)

(Middle)

SIMMONS FIRST NATIONAL CORP

501 MAIN STREET

(Street)

PINE BLUFF

71601

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SIMMONS FIRST NATIONAL CORP [ SFNC ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/02/2021

4. 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 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/02/2021		M		8,680	A	$20.29	172,612	D
Common Stock	02/02/2021		M		15,270	A	$22.2	187,882	D
Common Stock	02/02/2021		M		42,410	A	$22.75	230,292	D
Common Stock	02/02/2021		M		9,810	A	$23.51	240,102	D
Common Stock	02/02/2021		S		76,170	D	$25.32⁽⁷⁾	163,932	D

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option	$20.29⁽¹⁾	02/02/2021		M			8,680⁽²⁾	12/31/2015	03/31/2021⁽³⁾	Common	8,680⁽²⁾	$0.00	0	D
Non-Qualified Stock Option	$22.2⁽¹⁾	02/02/2021		M			15,270⁽²⁾	⁽⁴⁾	03/31/2021⁽³⁾	Common	15,270⁽²⁾	$0.00	0	D
Non-Qualified Stock Option	$22.75⁽¹⁾	02/02/2021		M			42,410⁽²⁾	⁽⁵⁾	03/31/2021⁽³⁾	Common	42,410⁽²⁾	$0.00	0	D
Non-Qualified Stock Option	$23.51⁽¹⁾	02/02/2021		M			9,810⁽²⁾	⁽⁶⁾	03/31/2021⁽³⁾	Common	9,810⁽²⁾	$0.00	0	D

Explanation of Responses:

1. On February 8, 2018, the Company effected a 2-for-1 stock split. The exercise price reported in this Form 4 has been adjusted to reflect the stock split.

2. On February 8, 2018, the Company effected a 2-for-1 stock split. The options and number of shares reported in this Form 4 have been adjusted to reflect the stock split.

3. Upon Mr. Casteel's retirement, which was effective March 31, 2020, the expiration date was accelerated to March 31, 2021.

4. 5,090 options became exercisable on March 25, 2016; 5,090 options became exercisable on March 25, 2017; and 5,090 options became exercisable on March 25, 2018.

5. 10,730 options became exercisable on December 31, 2015; 21,460 options became exercisable on December 31, 2016; and 10,220 options became exercisable on December 31, 2017.

6. 3,270 options became exercisable on January 19, 2017; 3,270 options became exercisable on January 19, 2018; and 3,270 options became exercisable on January 19, 2019.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.95 to $25.49, inclusive. The reporting person undertakes to provide Simmons First National Corporation ("Simmons"), any security holder of Simmons, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

	/s/ Marty Casteel by Natalie Gassiott	02/04/2021
	** 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 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).
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