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
                                                                                  
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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 *

BRANDT LARRY J 		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
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Executive Officer
(Last)          (First)          (Middle)

FIRST FEDERAL BANCSHARES OF ARKANSAS, P.O. 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)    113540   (2) A $3   156970   (3) D    
Common Stock   6/21/2011     X (1)    8100   (2) A $3   16176   (3) I   ESOP/401K  
Common Stock   6/21/2011     X (1)    31500   (2) A $3   66717   (3) (4) I   Spouse  
Common Stock   6/21/2011     X (1)    15708   (2) A $3   20944   (3) I   LLC by spouse  

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         37848    5/11/2011   6/21/2011   Common Stock   113540   $0   0   D    
Subscription Rights (rights to buy)   $3   6/21/2011     X         2700    5/11/2011   6/21/2011   Common Stock   8100   $0   0   I   ESOP/401K  
Subscription Rights (rights to buy)   $3   6/21/2011     X         10500    5/11/2011   6/21/2011   Common Stock   31500   $0   0   I   Spouse  
Subscription Rights (rights to buy)   $3   6/21/2011     X         5236    5/11/2011   6/21/2011   Common Stock   15708   $0   0   I   LLC by Spouse  

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.
( 4)  The reporting persons spouse is a co-trustee and potential beneficiary of a testamentary trust that owns 600 shares of Common Stock. The reporting persons spouse became a co-trustee of the trust and obtained a pecuniary interest in the reporting securities prior to the date of this filing, and such event was not previously reported. To better comply with SEC interpretative guidance, the number of indirect holdings reported in this beneficial ownership report includes the securities held by the trust. The reporting persons spouse may not dispose of or vote the trusts shares of Common Stock without the consent of the other co-trustee. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his spouses pecuniary interest therein.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
BRANDT LARRY J
FIRST FEDERAL BANCSHARES OF ARKANSAS
P.O. BOX 550
HARRISON, AR 72602 		X
Chief Executive Officer

Signatures
/s/ Larry J. Brandt 6/24/2011
** 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.
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