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 S 0 600 48.37 D 6422 D Common Stock 2008-01-31 4 M 0 344 34.5625 A 6766 D Common Stock 2008-01-31 4 S 0 344 48.38 D 6422 D Common Stock 2008-01-31 4 M 0 600 34.5625 A 7022 D Common Stock 2008-01-31 4 S 0 600 48.39 D 6422 D Common Stock 2008-01-31 4 M 0 889 34.5625 A 7311 D Common Stock 2008-01-31 4 S 0 889 48.4 D 6422 D Common Stock 2008-01-31 4 M 0 764 34.5625 A 7186 D Common Stock 2008-01-31 4 S 0 764 48.41 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 48.42 D 6422 D Common Stock 2008-01-31 4 M 0 306 34.5625 A 6728 D Common Stock 2008-01-31 4 S 0 306 48.43 D 6422 D Common Stock 2008-01-31 4 M 0 251 34.5625 A 6673 D Common Stock 2008-01-31 4 S 0 251 48.44 D 6422 D Common Stock 2008-01-31 4 M 0 1394 34.5625 A 7816 D Common Stock 2008-01-31 4 S 0 1394 48.45 D 6422 D Common Stock 2008-01-31 4 M 0 2101 34.5625 A 8523 D Common Stock 2008-01-31 4 S 0 2101 48.48 D 6422 D Common Stock 2008-01-31 4 M 0 313 34.5625 A 6735 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 1200 0 D 2000-01-28 2009-01-28 Common Stock 1200 145864 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 66 0 D 2000-01-28 2009-01-28 Common Stock 66 145798 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 145598 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 125 0 D 2000-01-28 2009-01-28 Common Stock 125 145473 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 103 0 D 2000-01-28 2009-01-28 Common Stock 103 145370 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 145170 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 144970 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 99 0 D 2000-01-28 2009-01-28 Common Stock 99 144871 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 144671 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 144371 D Non-Qualified Stock Options (right to buy) 34.5625 2008-01-31 4 M 0 200 0 D 2000-01-28 2009-01-28 Common Stock 200 144171 D Non-Qualified Stock Option (right to buy) 34.5625 2008-01-31 4 M 0 3 0 D 2000-01-28 2009-01-28 Common Stock 3 144168 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 144068 D Options vest ratably over three years beginning one year from date of grant. This is filing #5 of 9 filings for this date for the reporting person. By: /s/ David L. Payne 2008-02-04