SEC Form 4 · accession 0001127602-16-065255
WESTAMERICA BANCORPORATION · WABC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James J Schneck
Officer — VP/General Auditor
Period of report
Oct 24, 2016
Accepted (ET)
Oct 26, 2016 · 12:44 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 | Oct 24, 2016 | M | 5,900 | $48.39 | A | 5,925 | D | |
| Common StockF1 | Oct 24, 2016 | S | 5,900 | $49.4946 | D | 25 | D | |
| Common StockF2 | holding | — | — | — | 785 | 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)F3 | $48.39 | Oct 24, 2016 | M | 5,900 | D | Jan 25, 2008 | Jan 25, 2017 | Common Stock | 5,900 | 0 | D |
Explanation of responses
- F1This is a weighted average price of multiple transactions for the same option. The sale price ranges from $49.4468 to $49.6500
- F2Includes shares acquired under Westamerica Bancorporation's Tax Deferred Savings/Retirement (ESOP) Plan since the date of the reporting person's last ownership report.
- F3Options vest ratably over three years beginning one year from date of grant.