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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response... 0.5
                      
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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

CONNER FRANK L 		2. Issuer Name and Ticker or Trading Symbol

FIRST FEDERAL BANCSHARES OF ARKANSAS INC [ FFBH ] 		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)

C/O FIRST FEDERAL BANK, PO BOX 550 		3. Date of Earliest Transaction (MM/DD/YYYY)

6/21/2011
(Street)

HARRISON, AR 72602
(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   6/21/2011     X (1)    5400   (2) A $3   7200   (3) D    

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
Subscription Rights (Rights to buy)   $3   6/21/2011     X         1800    5/11/2011   6/21/2011   Common Stock   5400   $0   0   D    

Explanation of Responses:
( 1)  Shares were purchased by exercising non-transferable subscription rights (Rights) of First Federal Bancshares of Arkansas, Inc. (Company) pursuant to the rights offering (Rights Offering) commenced on 5/11/11. Shareholders (S/H) who held shares of the Company's common stock as of 3/23/11 (Record Date) received 1 Right for each share of common stock, as adjusted to take into account the 1-for-5 reverse stock split effected on 5/3/11 (Reverse Split), owned on the Record Date. Each Right entitled S/H to purchase 3 shares of common stock at a subscription price of $3 per share. In addition, if a S/H timely & fully exercised its Rights with respect to all of the Rights it held & other Rights holders did not exercise their Rights in full, such S/H had an oversubscription privilege to subscribe for a portion of shares of common stock offered in the Rights Offering, subject to availability & allocation, that were not purchased by other Rights holders (Oversubscription Privilege).
( 2)  Acquisition does not reflect any shares subscribed for pursuant to the Oversubscription Privilege. If additional shares not purchased by other Rights holders are purchased by, or attributable to, the reporting person pursuant to the Oversubscription Privilege, such additional shares will be promptly reported in an amendment to this beneficial ownership report.
( 3)  All shares have been adjusted to reflect the Reverse Split.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
CONNER FRANK L
C/O FIRST FEDERAL BANK
PO BOX 550
HARRISON, AR 72602 		X



Signatures
/s/ Frank Conner by Sherri Billings POA 6/23/2011
** 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.
Bear State Financial, Inc. (NASDAQ:BSF)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Bear State Financial, Inc. Charts.
Bear State Financial, Inc. (NASDAQ:BSF)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Bear State Financial, Inc. Charts.