SEC Form 4 · accession 0001127602-18-023804
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
Jul 23, 2018
Accepted (ET)
Jul 24, 2018 · 6:53 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 | Jul 23, 2018 | M | 16,467 | $42.33 | A | 18,787 | D | |
| Common StockF1 | Jul 23, 2018 | S | 16,467 | $59.7147 | D | 2,320 | D | |
| Common Stock | holding | — | — | — | 14,780 | I | Deferred | |
| Common Stock | holding | — | — | — | 30,335 | 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 | $42.33 | Jul 23, 2018 | M | 16,467 | D | Jan 28, 2017 | Jan 28, 2026 | Common Stock | 16,467 | 8,233 | D |
Explanation of responses
- F1This is an average price of multiple transactions for the same option ranging in price from $59.45 to $59.92.
- F2Options vest ratably over three years beginning one year from date of grant.