Yes, that is something that has occurred. The best known example that I know of are the arms of one of duke William's Flemmish allies in 1066 - the Counts of Boulogne (Flanders, not France) whose arms appear in the Bayeux Tapestry - Or three Torteaux. These arms are also used by the current Earl of Devon with the surname of Courtenay. They also appear in the fairly modern arms of a bloodline relative, but with the addition of a Bordure and a Chevron.