SEC Form 4 · accession 0001127602-18-004273
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 2, 2018
Accepted (ET)
Feb 6, 2018 · 2:19 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 2, 2018 | M | 6,000 | $56.625 | A | 6,025 | D | |
| Common Stock | Feb 2, 2018 | M | 6,000 | $50.76 | A | 12,025 | D | |
| Common Stock | Feb 2, 2018 | M | 6,300 | $45.93 | A | 18,325 | D | |
| Common Stock | Feb 2, 2018 | M | 7,400 | $43.71 | A | 25,725 | D | |
| Common Stock | Feb 2, 2018 | M | 6,300 | $53.35 | A | 32,025 | D | |
| Common Stock | Feb 2, 2018 | M | 7,900 | $42.695 | A | 39,925 | D | |
| Common Stock | Feb 2, 2018 | M | 5,333 | $42.33 | A | 45,258 | D | |
| Common Stock | Feb 2, 2018 | M | 1,967 | $57.1775 | A | 47,225 | D | |
| Common StockF1 | Feb 2, 2018 | S | 47,200 | $58.7947 | D | 25 | D | |
| Common Stock | holding | — | — | — | 961 | 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 | $56.625 | Feb 2, 2018 | M | 6,000 | D | Jan 28, 2011 | Jan 28, 2020 | Common Stock | 6,000 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F2 | $50.76 | Feb 2, 2018 | M | 6,000 | D | Jan 27, 2012 | Jan 27, 2021 | Common Stock | 6,000 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F2 | $45.93 | Feb 2, 2018 | M | 6,300 | D | Jan 26, 2013 | Jan 26, 2022 | Common Stock | 6,300 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F2 | $43.71 | Feb 2, 2018 | M | 7,400 | D | Jan 24, 2014 | Jan 24, 2023 | Common Stock | 7,400 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F2 | $53.35 | Feb 2, 2018 | M | 6,300 | D | Jan 23, 2015 | Jan 23, 2024 | Common Stock | 6,300 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F2 | $42.695 | Feb 2, 2018 | M | 7,900 | D | Jan 22, 2016 | Jan 22, 2025 | Common Stock | 7,900 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F2 | $42.33 | Feb 2, 2018 | M | 5,333 | D | Jan 28, 2017 | Jan 28, 2026 | Common Stock | 5,333 | 2,667 | D |
| Non-qualified Stock Option (Right to Buy)F2 | $57.1775 | Feb 2, 2018 | M | 1,967 | D | Jan 26, 2018 | Jan 26, 2027 | Common Stock | 1,967 | 3,933 | D |
Explanation of responses
- F1This is a weighted average price of multiple transactions for the same option. The sale price ranges from $58.2600 to $59.5700
- F2Options vest ratably over three years beginning one year from date of grant.