SEC Form 4 · accession 0001127602-16-067566
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
Nov 15, 2016
Accepted (ET)
Nov 17, 2016 · 4:05 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 | Nov 15, 2016 | M | 28,770 | $0.00 | A | 1,129,480 | D | |
| Common Stock | Nov 15, 2016 | D | 28,770 | $20.16 | D | 1,100,710 | D | |
| Common StockF2 | holding | — | — | — | 2,946 | I | 401(k) Plan | |
| Common Stock | holding | — | — | — | 638 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2016 Cash Settled Restricted Stock UnitsF1,F3 | — | Nov 15, 2016 | M | 28,770 | D | — | Feb 15, 2017 | Common Stock | 28,770 | 86,310 | D |
Explanation of responses
- F1Each unit is the economic equivalent of one share of Bank of America Corporation common stock.
- F2The share equivalents attributed to the reporting person's 401(k) balance increased 13.80 shares due to dividend reinvestments and changes in the Net Asset Value (NAV) of the issuer's stock fund.
- F3On February 12, 2016, the reporting person was granted units, vesting and payable solely in cash as follows: 1/12th of the stock units vest and become payable on the 15th day of each month during the 12-month period beginning in March 2016 and ending in February 2017.