SEC Form 4 · accession 0001127602-16-041873
BANK OF AMERICA CORP /DE/ · BAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian T Moynihan
Officer — Chairman and CEO · Director
Period of report
Feb 13, 2016
Accepted (ET)
Feb 17, 2016 · 4:53 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000070858
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 13, 2016 | M | 17,747 | $0.00 | A | 787,880 | D | |
| Common Stock | Feb 13, 2016 | D | 17,747 | $11.95 | D | 770,133 | D | |
| Common StockF2 | Feb 13, 2016 | M | 47,325 | $0.00 | A | 817,458 | D | |
| Common StockF3 | Feb 13, 2016 | F | 16,086 | $11.95 | D | 801,372 | D | |
| Common StockF2 | Feb 14, 2016 | M | 50,080 | $0.00 | A | 851,452 | D | |
| Common StockF3 | Feb 14, 2016 | F | 23,939 | $11.95 | D | 827,513 | D | |
| Common StockF2 | Feb 15, 2016 | M | 61,750 | $0.00 | A | 889,263 | D | |
| Common StockF3 | Feb 15, 2016 | F | 29,517 | $11.95 | D | 859,746 | D | |
| Common Stock | holding | — | — | — | 2,910 | I | 401(k) Plan | |
| Common Stock | holding | — | — | — | 1,276 | I | Family Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2015 Cash Settled Restricted Stock UnitsF1,F4 | — | Feb 13, 2016 | M | 17,747 | D | — | Feb 13, 2016 | Common Stock | 17,747 | 0 | D |
| 2015 Restricted Stock UnitsF2,F5 | — | Feb 13, 2016 | M | 47,325 | D | — | Feb 13, 2018 | Common Stock | 47,325 | 94,651 | D |
| 2014 Restricted Stock UnitsF2,F6 | — | Feb 14, 2016 | M | 50,080 | D | — | Feb 14, 2017 | Common Stock | 50,080 | 50,081 | D |
| 2013 Restricted Stock UnitsF2,F7 | — | Feb 15, 2016 | M | 61,750 | D | — | Feb 15, 2016 | Common Stock | 61,750 | 0 | D |
Explanation of responses
- F1Each unit is the economic equivalent of one share of Bank of America Corporation common stock.
- F2Each unit represents a contingent right to receive one share of Bank of America Corporation common stock.
- F3Disposition of shares to the issuer to satisfy a tax withholding obligation.
- F4Payment was made pursuant to the terms of a Restricted Stock Unit Award Agreement. As per the Agreement, one-twelfth of the stock units vest and become payable in cash on the 13th day of each month during the 12-month period beginning March 2015 and ending in February 2016.
- F5On February 13, 2015, the reporting person was granted units, vesting in three equal annual installments commencing with the first anniversary of the grant date.
- F6On February 14, 2014, the reporting person was granted units, vesting in three equal annual installments commencing with the first anniversary of the grant date.
- F7On February 15, 2013, the reporting person was granted units, vesting in three equal annual installments commencing with the first anniversary of the grant date.