WESTAMERICA BANCORPORATION 4
4 · WESTAMERICA BANCORPORATION · Filed Jan 23, 2014
Insider Transaction Report
Form 4
PAYNE DAVID L
DirectorChairman, President & CEO
Transactions
- Exercise/Conversion
Non-qualified Stock Option (Right to Buy)
2014-01-21−122,301→ 99,721 totalExercise: $49.61From: 2005-01-22Exp: 2014-01-22→ Common Stock (122,301 underlying) - Exercise/Conversion
Common Stock
2014-01-21$49.61/sh+122,301$6,067,353→ 122,301 total - Sale
Common Stock
2014-01-21$53.29/sh−122,301$6,516,992→ 0 total - Exercise/Conversion
Common Stock
2014-01-21$49.61/sh+6,555$325,194→ 6,555 total - Sale
Common Stock
2014-01-21$54.10/sh−6,555$354,634→ 0 total - Exercise/Conversion
Non-qualified Stock Option (Right to Buy)
2014-01-21−6,555→ 93,166 totalExercise: $49.61From: 2005-01-22Exp: 2014-01-22→ Common Stock (6,555 underlying)
Holdings
- 528,837(indirect: By Gibson Radio & Publishing Company)
Common Stock
- 462(indirect: By Son)
Common Stock
- 345,808(indirect: By Trust)
Common Stock
- 10,924.913(indirect: Esop)
Common Stock
Footnotes (4)
- [F1]This is a weighted average price of multiple transactions for the same option. The price ranges from $53.00 to $53.96.
- [F2]This is a weighted average price of multiple transactions for the same option. The price ranges from $54.01 to $54.34.
- [F3]The reporting person is President and CEO of Gibson Radio and Publishing Company and disclaims beneficial ownership of 528,837 shares.
- [F4]Options vest ratably over three years beginning one year after grant date.