Rest have told a story earlier (3,4)
I believe the answer is:
lie down
'rest' is the definition.
(I've seen this before)
'have told a story earlier' is the wordplay.
'have' becomes 'own' (synonyms).
'told a story' becomes 'lied' (I've seen this before).
'earlier' means one lot of letters go next to another.
'own' after 'lied' is 'LIE-DOWN'.
(Other definitions for lie down that I've seen before include "Assume a reclining position" , "Enid Low (anag.)" , "Take to one's bed" , "Assume recumbent position" , "Become 14" .)