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 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(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response... 0.5

(Print or Type Responses)

1. Name and Address of Reporting Person * Westling Janet L   2. Issuer Name and Ticker or Trading Symbol HomeStreet, Inc. [HMST] 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) 601 UNION STREET, SUITE 2000 3. Date of Earliest Transaction (Month/Day/Year) 02/10/2012 (Street) SEATTLE, WA 98101 4. If Amendment, Date 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 (City) (State) (Zip) 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) Code V Amount (A) or (D) Price Common Stock 02/10/2012   P   100 (1) A $ 44 100 D   Common Stock               41,608.4 I Westling Family Trust (2) Common Stock               4,386 I Westling Family Trust (3) Common Stock               2,088 I Westling Family Trust (4) Common Stock               12,972 I John Dale Westling Trust dated 12/22/05 (5) Common Stock               12,972 I Justin M. Westling Trust dated 12/22/05 (6)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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.		SEC 1474 (9-02)

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 Underlying Securities (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

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Westling Janet L 601 UNION STREET, SUITE 2000 SEATTLE, WA 98101	X

Signatures

/s/ Godfrey B. Evans, attorney in fact for Janet L. Westling		02/28/2012
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Shares purchased in the directed share program of the initial public offering.
(2)	Ms. Westling is the co-trustee of the Westling Family Trust; these shares are held by that trust as Ms. Westling's separate property.
(3)	Ms. Westling is the co-trustee of the Westling Family Trust; these shares are held by that trust as the separate property of Michael Westling.
(4)	Ms. Westling is the co-trustee of the Westling Family Trust; these shares are held by that trust as the community property of Ms. Westling and her spouse.
(5)	Ms. Westling is the trustee of the John Dale Westling Trust dated 12/22/05.
(6)	Ms. Westling is the trustee of the Justin M. Westling Trust dated 12/22/05.
Remarks: Ms. Westling was a director of HomeStreet, Inc. as of February 10, 2012, when the company became subject to reporting pursuant to the 1934 Securities and Exchange Act, however, she resigned as a director effective upon the closing of the company's intial public offering, which was February 15, 2012.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.