Sec Form 4 Filing - SCHNECK JAMES J @ WESTAMERICA BANCORPORATION - 2018-02-02

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
SCHNECK JAMES J
2. Issuer Name and Ticker or Trading Symbol
WESTAMERICA BANCORPORATION [ WABC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
VP/General Auditor
(Last) (First) (Middle)
WESTAMERICA BANCORPORATION
3. Date of Earliest Transaction (MM/DD/YY)
02/02/2018
(Street)
4550 MANGELS BLVD.94534
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/02/2018 M 6,000 A $ 56.625 6,025 D
Common Stock 02/02/2018 M 6,000 A $ 50.76 12,025 D
Common Stock 02/02/2018 M 6,300 A $ 45.93 18,325 D
Common Stock 02/02/2018 M 7,400 A $ 43.71 25,725 D
Common Stock 02/02/2018 M 6,300 A $ 53.35 32,025 D
Common Stock 02/02/2018 M 7,900 A $ 42.695 39,925 D
Common Stock 02/02/2018 M 5,333 A $ 42.33 45,258 D
Common Stock 02/02/2018 M 1,967 A $ 57.1775 47,225 D
Common Stock 02/02/2018 S 47,200 D $ 58.7947 ( 1 ) 25 D
Common Stock 960.881 I ESOP
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-qualified Stock Option (Right to Buy) $ 56.625 02/02/2018 M 6,000 01/28/2011( 2 ) 01/28/2020 Common Stock 6,000 $ 0 0 D
Non-qualified Stock Option (Right to Buy) $ 50.76 02/02/2018 M 6,000 01/27/2012( 2 ) 01/27/2021 Common Stock 6,000 $ 0 0 D
Non-qualified Stock Option (Right to Buy) $ 45.93 02/02/2018 M 6,300 01/26/2013( 2 ) 01/26/2022 Common Stock 6,300 $ 0 0 D
Non-qualified Stock Option (Right to Buy) $ 43.71 02/02/2018 M 7,400 01/24/2014( 2 ) 01/24/2023 Common Stock 7,400 $ 0 0 D
Non-qualified Stock Option (Right to Buy) $ 53.35 02/02/2018 M 6,300 01/23/2015( 2 ) 01/23/2024 Common Stock 6,300 $ 0 0 D
Non-qualified Stock Option (Right to Buy) $ 42.695 02/02/2018 M 7,900 01/22/2016( 2 ) 01/22/2025 Common Stock 7,900 $ 0 0 D
Non-qualified Stock Option (Right to Buy) $ 42.33 02/02/2018 M 5,333 01/28/2017( 2 ) 01/28/2026 Common Stock 5,333 $ 0 2,667 D
Non-qualified Stock Option (Right to Buy) $ 57.1775 02/02/2018 M 1,967 01/26/2018( 2 ) 01/26/2027 Common Stock 1,967 $ 0 3,933 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SCHNECK JAMES J
WESTAMERICA BANCORPORATION
4550 MANGELS BLVD.94534
VP/General Auditor
Signatures
/s/ James J. Schneck 02/06/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This is a weighted average price of multiple transactions for the same option. The sale price ranges from $58.2600 to $59.5700
( 2 )Options vest ratably over three years beginning one year from date of grant.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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