SEC Form 4 · accession 0001127602-17-030577
WESTAMERICA BANCORPORATION · WABC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dennis R Hansen
Officer — SVP/Systems & Operations Mgr.
Period of report
Oct 27, 2017
Accepted (ET)
Oct 31, 2017 · 12:42 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 27, 2017 | M | 18,400 | $53.35 | A | 19,421 | D | |
| Common StockF1 | Oct 27, 2017 | S | 18,400 | $59.3361 | D | 1,021 | D | |
| Common Stock | holding | — | — | — | 14,780 | I | Deferred | |
| Common Stock | holding | — | — | — | 29,588 | 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 | $53.35 | Oct 27, 2017 | M | 18,400 | D | Jan 23, 2015 | Jan 23, 2024 | Common Stock | 18,400 | 1,300 | D |
Explanation of responses
- F1This is an average price of multiple transactions for the same option ranging in price from $59.16 to $59.52.
- F2Options vest ratably over three years beginning one year from date of grant.