SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G
(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. __)*


Westamerica Bancorporation

(Name of Issuer)

Common Stock

(Title of Class of Securities)

 

 

957090103

 

 
   
(CUSIP Number)
   

January 23, 2003

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

      / /      Rule 13d-1(b)

      /x/      Rule 13d-1(c)

      / /      Rule 13d-1(d)


*  The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

     The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).



     
CUSIP NO.  957090103   13G   Page 2 of 6 Pages

     
             

1   NAME OF REPORTING PERSON:
                  David L. Payne
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY):

 

 

 

 

 

 

 

2   CHECK THE APPROPRIATE BOX IF A   (a)   / /
    MEMBER OF A GROUP*   (b)   / /

 

 

 

 

 

 

 

3   SEC USE ONLY

 

 

 

 

 

 

 

4   CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

                  
United States

 

 

 

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:   5   SOLE VOTING POWER

 

 

 

 

 

 

1,281,212
       
        6   SHARED VOTING POWER

 

 

 

 

 

 

0
       
        7   SOLE DISPOSITIVE POWER

 

 

 

 

 

 

1,281,212
       
        8   SHARED DISPOSITIVE POWER

 

 

 

 

 

 

0

9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

1,281,212

 

 

 

 

10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    / /

 

 

 

 

 

 

 

11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

 

3.69%

 

 

 

 

12   TYPE OF REPORTING PERSON*

 

 

IN

 

 

 

 

*SEE INSTRUCTIONS BEFORE FILLING OUT!


     
CUSIP NO.  957090103   13G   Page 3 of 6 Pages

     
             

1   NAME OF REPORTING PERSON:
                  Gibson Radio and Publishing Company
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):

 

 

 

 

 

 

 

2   CHECK THE APPROPRIATE BOX IF A   (a)   / /
    MEMBER OF A GROUP*   (b)   / /

 

 

 

 

 

 

 

3   SEC USE ONLY

 

 

 

 

 

 

 

4   CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

                   
California

 

 

 

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:   5   SOLE VOTING POWER

 

 

 

 

 

 

528,837
       
        6   SHARED VOTING POWER

 

 

 

 

 

 

0
       
        7   SOLE DISPOSITIVE POWER

 

 

 

 

 

 

528,837
       
        8   SHARED DISPOSITIVE POWER

 

 

 

 

 

 

0

9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

528,837

 

 

 

 

10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    / /

 

 

 

 

 

 

 

11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 

1.58%

 

 

 

 

12   TYPE OF REPORTING PERSON*

 

 

CO

 

 

 

 

*SEE INSTRUCTIONS BEFORE FILLING OUT!


     
CUSIP NO.  957090103   13G   Page 4 of 6 Pages

     
ITEM 1(a).   NAME OF ISSUER:
   
Westamerica Bancorporation ("Westamerica")

ITEM 1(b).

 

ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
   
1108 Fifth Avenue
San Rafael, California 94901

ITEM 2(a).

 

NAME OF PERSON FILING:

 

 

This Schedule 13G is being filed on behalf of the following persons* ("Reporting Persons"):

(i)   David L. Payne
(ii)   Gibson Radio and Publishing Company (the "Company")

ITEM 2(b).

 

ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

 

 

The Principal business office of Mr. Payne is 4550 Mangels Blvd., Fairfield, CA 94585. The principal business office of the Company is 544 Curtola Parkway, Vallejo, CA 94590.

ITEM 2(c).

 

CITIZENSHIP:

 

 

David L. Payne: United States
Company: a California corporation

ITEM 2(d).

 

TITLE OF CLASS OF SECURITIES:

 

 

This Schedule 13G is being filed with respect to the common stock, no par value, of Westamerica ("Common Stock"). The Reporting Persons' percentage ownership of Common Stock is based on 33,520,630 shares of Common Stock outstanding and the ownership of 1,187,134 options to purchase an equivalent number of shares of Common Stock ("Options") held by Mr. Payne.

As of January 23, 2003, (i) Mr. Payne beneficially owned 1,281,212 shares of Common Stock, of which 1,187,134 shares are attributable to Options; and (ii) the Company beneficially owned 528,837 shares of Common Stock, none of which are attributable to Options.

ITEM 2(e).

 

CUSIP NUMBER:

 

 

957090103


     
CUSIP NO.    957090103   13G   Page 5 of 6 Pages

     
ITEM 3.   IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS: One of the following

 

 

Not applicable as this Schedule 13G is filed pursuant to Rule 13d-1(c).

ITEM 4.

 

OWNERSHIP:

 

 

The information in items 1 and 5 through 11 on pages 2-3 of this Schedule 13G is hereby incorporated by reference.

The 1,281,212 shares of Common Stock reported in row 9 on page 2 of this Schedule 13G exclude the 528,837 shares owned by the Company, of which Mr. Payne is President and CEO. Mr. Payne expressly disclaims beneficial ownership of such shares.

ITEM 5.

 

OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

 

 

If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities check the following. / /

ITEM 6.

 

OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:

 

 

The Company does not have any voting or dispositive power over the shares of Common Stock beneficially owned by Mr. Payne, and it expressly disclaims beneficial ownership of his shares.

ITEM 7.

 

IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:

 

 

Not applicable.

ITEM 8.

 

IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP:

 

 

Not applicable.

ITEM 9.

 

NOTICE OF DISSOLUTION OF GROUP:

 

 

Not applicable.


     
CUSIP NO.    957090103   13G   Page 6 of 6 Pages

     
ITEM 10.   CERTIFICATION

 

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated:      February 17, 2004


 

 

 

 

By:

 

/s/  
David L. Payne       
David L. Payne


 

 


 

GIBSON RADIO AND PUBLISHING COMPANY

 

 

 

 

By:

 

/s/  
Heloise DiRicco      
Heloise DiRicco
Secretary