SEC Form 4 · accession 0001127602-16-050005
WESTAMERICA BANCORPORATION · WABC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John A Thorson
Officer — SVP/Chief Financial Officer
Period of report
Apr 25, 2016
Accepted (ET)
Apr 27, 2016 · 2:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000311094
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 25, 2016 | M | 24,500 | $43.71 | A | 24,500 | D | |
| Common StockF1 | Apr 25, 2016 | S | 24,500 | $50.1784 | D | 0 | D | |
| Common StockF1 | Apr 26, 2016 | S | 1,258 | $50.3225 | D | 7,152 | I | By Trust |
| Common Stock | Apr 26, 2016 | M | 8,800 | $42.695 | A | 8,800 | D | |
| Common StockF1 | Apr 26, 2016 | S | 8,800 | $50.2045 | D | 0 | D | |
| Common Stock | holding | — | — | — | 415 | I | as UGMA | |
| Common Stock | holding | — | — | — | 415 | I | as UGMA | |
| Common Stock | holding | — | — | — | 1,382 | I | Esop |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified Stock Option (Right to Buy)F2 | $43.71 | Apr 25, 2016 | M | 24,500 | D | Jan 24, 2014 | Jan 24, 2023 | Common Stock | 24,500 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F3 | $42.695 | Apr 26, 2016 | M | 8,800 | D | Jan 22, 2016 | Jan 22, 2025 | Common Stock | 8,800 | 17,600 | D |
Explanation of responses
- F1This is a weighted average price of multiple transactions for the same sell order. The price ranges from $50.00 to $50.36.
- F2Options vest ratably over a three years beginning one year from date of grant.
- F3Options vest ratably over three years beginning one year from date of grant.