SIMMONS FIRST NATIONAL CORP
SC 13G, 2000-01-26
NATIONAL COMMERCIAL BANKS
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                                                             For the Year Ending
                                                               December 31, 1999

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G
                    Under the Securities Exchange Act of 1934
                               (Amendment No. 14)

                       SIMMONS FIRST NATIONAL CORPORATION
                                (Name of Issuer)

                              CLASS A COMMON STOCK
                         (Title of Class of Securities)

                                    828730200
                                 (CUSIP Number)

                Check the following box if a fee is being paid [].

1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above
   Persons --  SIMMONS FIRST NATIONAL CORPORATION
                  EMPLOYEE STOCK OWNERSHIP PLAN   71-6050807

2) Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ---------------------------------------------------------------------------

(b) ---------------------------------------------------------------------------

3) SEC Use Only----------------------------------------------------------------

4) Citizenship or Place of Organization ARKANSAS

Number of Shares
Beneficially             5)      Sole Voting Power                 -0-
Owned by Each            6)      Shared Voting Power               -0-
Reporting                7)      Sole Dispositive Power       468,463
Person With              8)      Shared Dispositive Power          -0-

9) Aggregate Amount Beneficially Owned by Each Reporting Person
   468,463 shares

10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
   (See Instructions)-----------------------


<PAGE>

11) Percent of Class Represented by Amount in Row 9.... 6.40%

12) Type of Reporting Person (See Instruction) EP

Item 1(a) Name of Issuer: SIMMONS FIRST NATIONAL CORPORATION

Item 1(b) Address of Issuer's Principal Executive Offices:

                  501 MAIN STREET
                  P. O. BOX 7009
                  PINE BLUFF, ARKANSAS 71611

Item 2(a) Name of Person Filing:

                  SIMMONS FIRST NATIONAL CORPORATION
                  EMPLOYEE STOCK OWNERSHIP PLAN

Item 2(b) Address of Principal Business Office or, if none, Residence:

                  501 MAIN STREET
                  P. O. BOX 7009
                  PINE BLUFF, ARKANSAS 71611

Item 2(c) Citizenship:  ARKANSAS

Item 2(d) Title of Class of Securities:  CLASS A COMMON STOCK

Item 2(e) CUSIP Number:  828730200

Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
        check whether the person filing is a:

     (a) [ ] Broker or Dealer  registered  under  Section  15 of the Act

     (b) [ ] Bank as defined in section 3(a)6) of the Act

     (c) [ ] Insurance Company as defined in section 3(a)(19) of the Act

     (d) [ ] Investment Adviser registered under section 8 of the Investment
             Company Act

     (e) [ ] Investment Adviser registered under Section 203 of the Investment
             Advisers Act of 1940

     (f) [X] Employee Benefit Plan, Pension Fund which is subject to the
             provisions of the Employee Retirement Income Security Act of 1974
             or Endowment Fund; see section 240.13d-1(b)(1)(ii)(F)
<PAGE>

     (g) [ ] Parent Holding Company, in accordance with section
             240.13d-1(b)(ii)(G) (Note: See Item 7)

     (h)[ ]  Group, in accordance with section 240.13d-1(b)(1)(ii)(H)

Item 4. Ownership

     (a)  Amount Beneficially Owned:                                  468,463

     (b)  Percent of Class:                                              6.40%

     (c) Number of shares as to which such person has:

       (i) sole power to vote or direct the vote                           -0-

      (ii) shared power to vote or direct the vote                         -0-

     (iii) sole power to dispose or to direct the disposition of      468,463

      (iv) shared power to dispose or to direct the disposition of         -0-

Item 5.  Ownership of Five Percent or Less of a Class.  NOT APPLICABLE

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.

          PURSUANT  TO THE  TERMS  OF THE  SIMMONS  FIRST  NATIONAL  CORPORATION
     EMPLOYEE STOCK OWNERSHIP  PLAN, ANY DIVIDENDS  RECEIVED OR PROCEEDS OF SALE
     OF THE SUBJECT  SECURITIES  WOULD INURE TO THE BENEFIT OF THE  EMPLOYEES OF
     SIMMONS  FIRST  NATIONAL   CORPORATION  AND  ITS   SUBSIDIARIES,   WHO  ARE
     PARTICIPANTS IN THE PLAN, AND WOULD BE HELD,  ADMINISTERED  AND DISTRIBUTED
     IN ACCORDANCE WITH THE TERMS OF SUCH PLAN. THE PLAN COVERS IN EXCESS OF 400
     EMPLOYEES AND NO SINGLE  EMPLOYEE'S  INTEREST  THEREUNDER EQUALS OR EXCEEDS
     FIVE PERCENT (5%) OF THIS CLASS OF SECURITIES OF THE ISSUER.

Item 7. Identification and Classification of the Subsidiary Which Acquired the
        Security Being Reported on By the Parent Holding Company.

          NOT APPLICABLE.

Item 8. Identification and Classification of Members of the Group.

          NOT APPLICABLE.

Item 9.  Dissolution of Group.  NOT APPLICABLE.

<PAGE>

Item 10.  Certification.

     By signing  below I certify  that,  to the best of my knowledge and belief,
the  securities  referred  to above  were  acquired  in the  ordinary  course of
business  and were not acquired for the purpose of and do not have the effect of
changing or  influencing  the control of the issuer of such  securities and were
not acquired in connection  with or as a participant in any  transaction  having
such purposes or effect.

     After  reasonable  inquiry and to the best of my  knowledge  and belief,  I
certify that the information  set forth in this statement is true,  complete and
correct.



January 20, 2000
- --------------------------------
Date


/s/ Joe Clement
- --------------------------------------------------
Signature
Joe Clement, Senior Vice President & Trust Officer
Simmons First National Bank, Trustee, Simmons First National
Corporation Employee Stock Ownership Plan




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