WESTAMERICA BANCORPORATION 4
4 · WESTAMERICA BANCORPORATION · Filed Nov 1, 2013
Insider Transaction Report
Form 4
PAYNE DAVID L
DirectorChairman, President & CEO
Transactions
- Exercise/Conversion
Non-qualified Stock Option (Right to Buy)
2013-10-31−27,978→ 222,022 totalExercise: $49.61From: 2005-01-22Exp: 2014-01-22→ Common Stock (27,978 underlying) - Exercise/Conversion
Common Stock
2013-10-31$49.61/sh+27,978$1,387,989→ 373,786 total(indirect: By Trust) - Sale
Common Stock
2013-10-31$52.30/sh−27,978$1,463,364→ 345,808 total(indirect: By Trust)
Holdings
- 10,924.913(indirect: Esop)
Common Stock
- 528,837(indirect: By Gibson Radio & Publishing Company)
Common Stock
- 462(indirect: By Son)
Common Stock
Footnotes (3)
- [F1]This is a weighted average price of multiple transactions for the same option. The price ranges from $52.25 to $52.63.
- [F2]The reporting person is President and CEO of Gibson Radio and Publishing Company and disclaims beneficial ownership of 528,837 shares.
- [F3]Options vest ratably over three years beginning one year after grant date.