X0202 4 2007-07-30 0 0000311094 WESTAMERICA BANCORPORATION WABC 0001201513 PAYNE DAVID L 1 1 0 0 Chairman, President & CEO Common Stock 2007-07-30 4 M 0 2249 32.7917 A 2249 D Common Stock 2007-07-30 4 S 0 2249 40.95 D 0 D Common Stock 2007-07-30 4 M 0 2736 32.7917 A 2736 D Common Stock 2007-07-30 4 S 0 2736 40.94 D 0 D Common Stock 2007-07-30 4 M 0 840 32.7917 A 840 D Common Stock 2007-07-30 4 S 0 840 40.93 D 0 D Common Stock 2007-07-30 4 M 0 440 32.7917 A 440 D Common Stock 2007-07-30 4 S 0 440 40.92 D 0 D Common Stock 2007-07-30 4 M 0 540 32.7917 A 540 D Common Stock 2007-07-30 4 S 0 540 40.91 D 0 D Common Stock 2007-07-30 4 M 0 1360 32.7917 A 1360 D Common Stock 2007-07-30 4 S 0 1360 40.9 D 0 D Common Stock 2007-07-30 4 M 0 2839 32.7917 A 2839 D Common Stock 2007-07-30 4 S 0 2839 40.89 D 0 D Common Stock 2007-07-30 4 M 0 560 32.7917 A 560 D Common Stock 2007-07-30 4 S 0 560 40.88 D 0 D Common Stock 2007-07-30 4 M 0 442 32.7917 A 442 D Common Stock 2007-07-30 4 S 0 442 40.87 D 0 D Common Stock 2007-07-30 4 M 0 164 32.7917 A 164 D Common Stock 2007-07-30 4 S 0 164 40.86 D 0 D Non-Qualified Stock Option (right to buy) 32.7917 2007-07-30 4 M 0 2249 0 D 1999-01-21 2008-01-21 Common Stock 2249 114494 D Non-Qualified Stock Option (right to buy) 32.7917 2007-07-30 4 M 0 2736 0 D 1999-01-21 2008-01-21 Common Stock 2736 111758 D Non-Qualified Stock Option (right to buy) 32.7917 2007-07-30 4 M 0 840 0 D 1999-01-21 2008-01-21 Common Stock 840 110918 D Non-Qualified Stock Option (right to buy) 32.7917 2007-07-30 4 M 0 440 0 D 1999-01-21 2008-01-21 Common Stock 440 110478 D Non-Qualified Stock Option (right to buy) 32.7917 2007-07-30 4 M 0 540 0 D 1999-01-21 2008-01-21 Common Stock 540 109938 D Non-Qualified Stock Option (right to buy) 32.7917 2007-07-30 4 M 0 1360 0 D 1999-01-21 2008-01-21 Common Stock 1360 108578 D Non-Qualified Stock Option (right to buy) 32.7917 2007-07-30 4 M 0 2839 0 D 1999-01-21 2008-01-21 Common Stock 2839 105739 D Non-Qualified Stock Option (right to buy) 32.7917 2007-07-30 4 M 0 560 0 D 1999-01-21 2008-01-21 Common Stock 560 105179 D Non-Qualified Stock Option (right to buy) 32.7917 2007-07-30 4 M 0 442 0 D 1999-01-21 2008-01-21 Common Stock 442 104737 D Non-Qualified Stock Option (right to buy) 32.7917 2007-07-30 4 M 0 164 0 D 1999-01-21 2008-01-21 Common Stock 164 104573 D Options vest ratably over three years beginning one year from date of grant. This is filing #2 of three filings. /s/ David L. Payne 2007-08-01