SEC Form 4 · accession 0001127602-17-004134
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
Feb 3, 2017
Accepted (ET)
Feb 6, 2017 · 5:48 pm EST
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 | Feb 3, 2017 | M | 6,500 | $47.13 | A | 6,525 | D | |
| Common StockF1 | Feb 3, 2017 | S | 6,500 | $56.0325 | D | 25 | D | |
| Common Stock | holding | — | — | — | 813 | 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 | $47.13 | Feb 3, 2017 | M | 6,500 | D | Jan 24, 2009 | Jan 24, 2018 | Common Stock | 6,500 | 0 | D |
Explanation of responses
- F1This is a weighted average price of multiple transactions for the same option. The sale price ranges from $56.0301 to $56.0500.
- F2Options vest ratably over three years beginning one year from date of grant.