HANSEN DENNIS R (SVP/Systems & Operations Mgr.) sold 87.7% of their position (16.47K shares) of WESTAMERICA BANCORPORATION on the open market

Open‑market sale worth $983.3K — a major position exit. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 1 sale

HANSEN DENNIS R

Filed: 7/24/2018ACC: 0001127602-18-023804

InsiderHANSEN DENNIS RCIK 1201504

→

IssuerWESTAMERICA BANCORPORATIONCIK 311094

Officer· SVP/Systems & Operations Mgr.

Since Jul 2018

-16.47K

Net shares

Net seller

$983.3K

Total sold

Open market trades

0B · 1S

Total transactions

16.47K acquired · 32.93K disposed

Non-Derivative Transactions2

Common Stock

Direct

M · Option Exercise

+16.47K

Price / share

$42.33

Trade value

$697.05K

% of position

709.8%

7/23/2018

2.32K→18.79K

Common Stock

Direct

S · Sale

−16.47K

Price / share

$59.71

Trade value

$983.32K

% of position

87.7%

7/23/2018

18.79K→2.32K

Total

Net shares

+0.00

Net value

-$286.27K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	7/23/2018	M · Option Exercise	+16.47K	$42.33	$697.05K	709.8%	2.32K	18.79K
Common Stock Direct	7/23/2018	S · Sale	−16.47K	$59.71	$983.32K	87.7%	18.79K	2.32K
Total			+0.00		-$286.27K

Derivative Transactions1

Non-qualified Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

16.47K shares

−16.47K

Strike price

42.33

Held after

8.23K

Exercisable

—

7/23/2018

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Non-qualified Stock Option (Right to Buy) Direct	Common Stock16.47K shares	7/23/2018	M · Option Exercise	−16.47K	42.33	—	8.23K

Non-Derivative Holdings (Post-Transaction)2

Common Stock

Indirect

Shares owned30.33K

Common Stock

Indirect

Shares owned14.78K

Total

45.11K indirect45.11K

Security Title	Shares Owned	Ownership Type
Common Stock	30.33K	Indirect
Common Stock	14.78K	Indirect
Total	45.11K	45.11K indirect

Derivative Holdings (Post-Transaction)0

No derivative holdings reported