SEC Form 4 · accession 0001127602-18-015380
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
Apr 24, 2018
Accepted (ET)
Apr 27, 2018 · 1:41 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 24, 2018 | M | 23,800 | $42.695 | A | 26,120 | D | |
| Common StockF1 | Apr 24, 2018 | S | 22,065 | $57.2846 | D | 4,055 | D | |
| Common StockF2 | Apr 24, 2018 | S | 1,735 | $58.1041 | D | 2,320 | D | |
| Common Stock | holding | — | — | — | 14,780 | I | Deferred | |
| Common Stock | holding | — | — | — | 30,107 | 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 | $42.695 | Apr 24, 2018 | M | 23,800 | D | Jan 22, 2016 | Jan 22, 2025 | Common Stock | 23,800 | 0 | D |
Explanation of responses
- F1This is an average price of multiple transactions for the same sale transaction ranging in price from $57.00 to $57.94.
- F2This is an average price of multiple transactions for the same option ranging in price from $58.03 to $58.26.
- F3Options vest ratably over three years beginning one year from date of grant.