X0202 4 2008-01-31 0 0000311094 WESTAMERICA BANCORPORATION WABC 0001201513 PAYNE DAVID L 1 1 0 0 Chairman, President & CEO Common Stock 2008-01-31 4 M 0 6442 34.5625 A 6422 D Common Stock 2008-01-31 4 M 0 200 34.5625 A 6622 D Common Stock 2008-01-31 4 S 0 200 48.59 D 6422 D Common Stock 2008-01-31 4 M 0 4310 34.5625 A 10732 D Common Stock 2008-01-31 4 S 0 4310 47.84 D 6422 D Common Stock 2008-01-31 4 M 0 612 34.5625 A 7034 D Common Stock 2008-01-31 4 S 0 612 47.85 D 6422 D Common Stock 2008-01-31 4 M 0 100 34.5625 A 6522 D Common Stock 2008-01-31 4 S 0 100 47.89 D 6422 D Common Stock 2008-01-31 4 M 0 100 34.5625 A 6522 D Common Stock 2008-01-31 4 S 0 100 47.92 D 6422 D Common Stock 2008-01-31 4 M 0 200 34.5625 A 6622 D Common Stock 2008-01-31 4 S 0 200 47.93 D 6422 D Common Stock 2008-01-31 4 M 0 300 34.5625 A 6722 D Common Stock 2008-01-31 4 S 0 300 47.95 D 6422 D Common Stock 2008-01-31 4 M 0 200 34.5625 A 6622 D Common Stock 2008-01-31 4 S 0 200 47.96 D 6422 D Common Stock 2008-01-31 4 M 0 400 34.5625 A 6822 D Common Stock 2008-01-31 4 S 0 400 47.98 D 6422 D Common Stock 2008-01-31 4 M 0 578 34.5625 A 7000 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 6422 0 D 2000-01-28 2009-01-28 Common Stock 6422 185668 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 200 0 D 2000-01-28 2009-01-28 Common Stock 200 185468 D Non-Qualified Stock Option (right to buy 34.5625 2008-01-31 4 M 0 4310 0 D 2000-01-28 2009-01-28 Common Stock 4310 181158 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 612 0 D 2000-01-28 2009-01-28 Common Stock 612 180546 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 100 0 D 2000-01-28 2009-01-28 Common Stock 100 180446 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 100 0 D 2000-01-28 2009-01-28 Common Stock 100 180346 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 200 0 D 2000-01-28 2009-01-28 Common Stock 200 180146 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 300 0 D 2000-01-28 2009-01-28 Common Stock 300 179846 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 200 0 D 2000-01-28 2009-01-28 Common Stock 200 179646 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 400 0 D 2000-01-28 2009-01-28 Common Stock 400 179246 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 578 0 D 2000-01-28 2009-01-28 Common Stock 578 178668 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 100 0 D 2000-01-28 2009-01-28 Common Stock 100 178568 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 100 0 D 2000-01-28 2009-01-28 Common Stock 100 178468 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 2 0 D 2000-01-28 2009-01-28 Common Stock 2 178466 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 98 0 D 2000-01-28 2009-01-28 Common Stock 98 178368 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 100 0 D 2000-01-28 2009-01-28 Common Stock 100 178268 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 200 0 D 2000-01-28 2009-01-28 Common Stock 200 178068 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 400 0 D 2000-01-28 2009-01-28 Common Stock 400 177668 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 100 0 D 2000-01-28 2009-01-28 Common Stock 100 177568 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 200 0 D 2000-01-28 2009-01-28 Common Stock 200 177368 D Options vest ratably over three years beginning one year from date of grant. This is filing #1 of 9 filings for this date for the reporting person. By: /s/ David L. Payne 2008-02-04