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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
WestAmerica Corporation
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(Name of Issuer)
Common Stock, $0.01 Par Value
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(Title of Class of Securities)
95709H304
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(CUSIP Number)
1) NAME OF REPORTING PERSON AND S.S.
Edward R. Foraker ###-##-####
2) (b) NOT A MEMBER OF A GROUP
3) SEC USE ONLY
4) CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
5) NUMBER OF SHARES BENEFICIALLY OWNED WITH SOLE VOTING POWER
1,000
6) NUMBER OF SHARES BENEFICIALLY OWNED WITH SHARED VOTING POWER
None
7) NUMBER OF SHARES BENEFICIALLY OWNED WITH SOLE DISPOSITIVE
POWER
1,000
8) NUMBER OF SHARES BENEFICIALLY OWNED WITH SHARED DISPOSITIVE
POWER
None
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,000
10) Inapplicable
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0001%
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INFORMATION TO BE INCLUDED IN THE SCHEDULE 13G (Amendment No. 1)
Item 1(a). NAME OF ISSUER
WestAmerica Corporation
Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
P.O. Box 40, Dewey, OK 74029
Item 2(a). NAME OF PERSON FILING
Edward R. Foraker
###-##-####
Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE
4141 N. Scottsdale Road, Suite 100,
Scottsdale, AZ 85251
Item 2(c). CITIZENSHIP
U.S.A.
Item 2(d). TITLE OF CLASS OF SECURITIES
Common Stock
Item 2(e). CUSIP NUMBER
95709H304
Item 3. Not applicable
Item 4(a). AMOUNT BENEFICIALLY OWNED
1,000 (see Note 1 below).
Item 4(b). PERCENT OF CLASS
0.0001% (see Note 1 below).
Item 4(c). NUMBER OF SHARES TO WHICH SUCH PERSON HAS
(i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE
1,000 (see Note 1 below).
(ii) SHARED POWER TO VOTE OR DIRECT THE VOTE None
(see Note 1 below).
(iii) SOLE POWER TO DISPOSE OR DIRECT THE
DISPOSITION OF
1,000 (see Note 1 below).
(iv) SHARED POWER TO DISPOSE OR DIRECT THE
DISPOSITION OF
None (see Note 1 below).
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Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
As of August 6, 1997 and continuing on the date
hereof, the reporting person has ceased to be a
beneficial owner of more than five percent of the
class of securities.
Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON
Inapplicable.
Item 7. IDENTIFICATION AND CLASSIFICATION OF THE
SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING
REPORTED ON BY THE PARENT HOLDING COMPANY
Inapplicable.
Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF
THE GROUP
Inapplicable.
Item 9. NOTICE OF DISSOLUTION OF GROUP
Inapplicable.
Item 10. CERTIFICATION
Inapplicable.
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Note 1: The anticipated change of control reported in the Issuer's Form 8-K
dated June 18, 1997, occurred on August 6, 1997, pursuant to an
agreement made as of June 26, 1997 when the Issuer's CUSIP Number was
95709H106. On July 2, 1997, there was a one for three reverse stock
split, resulting in the reporting person, his family and his IRA,
beneficially owning 454,338 shares at the time of the consummation of
the agreement which resulted in a change of control. (Equity Drilling
Company, Inc., IRS ID No. 942- 170-729, with which the reporting person
jointly filed Schedule 13G dated February 14, 1990, has not, since
March 30, 1990 (the date it ceased to exist) beneficially owned any
shares of the Issuer.
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SIGNATURE
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.
Date: September 8, 1997 /s/ Edward R. Foraker
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Edward R. Foraker
