FORM 4
[ X ] 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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

BILLINGS SHERRI 		2. Issuer Name and Ticker or Trading Symbol

BEAR STATE FINANCIAL, INC. [ BSF ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Senior EVP & CFO
(Last)          (First)          (Middle)

BEAR STATE FINANCIAL INC, 1401 HIGHWAY 62-65 N 		3. Date of Earliest Transaction (MM/DD/YYYY)

4/20/2018
(Street)

HARRISON, AR 72601
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   4/20/2018     U    23599   D $10.28   (1) 0   D    
Common Stock   4/20/2018     U    30947   D $10.28   (1) 0   I   401(K) Plan  
Common Stock   4/20/2018     U    4326   D $10.28   (1) 0   I   Spouse's IRA  
Common Stock   4/20/2018     U    3333   D $10.28   (1) 0   I   Spouse's Trust  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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
Restricted Stock Units     (2) 4/20/2018     U         8083      (3)   (3) Common Stock   8083   $10.28   0   D    
Employee Stock Options (right to buy)   $6.57   4/20/2018     U         16666      (4) 7/12/2018   Common Stock   16666   $3.71   0   D    

Explanation of Responses:
(1)  Pursuant to the Agreement and Plan of Reorganization (the "merger agreement"), dated as of August 22, 2017, by and among Bear State Financial, Inc. (Bear State), Bear State Bank, Arvest Bank and Arvest Acquisition Sub, Inc., shares of Bear State common stock were converted into the right to receive $10.28 cash per share, without interest.
(2)  Each restricted stock unit represents a contingent right to receive one share of Company common stock.
(3)  Pursuant to the terms of the merger agreement, at the effective time of the merger, this restricted stock unit award was cancelled and converted into the right to receive a cash payment equal to $10.28 per unit.
(4)  Pursuant to the terms of the merger agreement, at the effective time of the merger, this stock option was cancelled and converted into the right to receive a cash payment equal to the aggregate number of shares of Bear State common stock subject to such option multiplied by the difference of $10.28 and the exercise price of such option.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
BILLINGS SHERRI
BEAR STATE FINANCIAL INC
1401 HIGHWAY 62-65 N
HARRISON, AR 72601

Senior EVP & CFO

Signatures
/s/ Sherri R. Billings 4/20/2018
** 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).
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 control number.
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