SEC Form 4 · accession 0001127602-17-006299
BANK OF AMERICA CORP /DE/ · BAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas K. Montag
Officer — Chief Operating Officer
Period of report
Feb 13, 2017
Accepted (ET)
Feb 15, 2017 · 4:15 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,F2 | Feb 13, 2017 | M | 80,247 | $0.00 | A | 1,467,559 | D | |
| Common StockF3 | Feb 13, 2017 | F | 44,794 | $23.40 | D | 1,422,765 | D | |
| Common Stock | holding | — | — | — | 494,114 | I | 2016 GRAT | |
| Common Stock | holding | — | — | — | 470,724 | 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 Restricted Stock UnitsF1,F4 | — | Feb 13, 2017 | M | 80,247 | D | — | Feb 13, 2018 | Common Stock | 80,247 | 80,247 | D |
Explanation of responses
- F1Each unit represents a contingent right to receive one share of Bank of America Corporation common stock.
- F2486,919 shares previously reported as being indirectly held by the reporting person through the 2014 GRAT and 201,936 shares previously reported as being indirectly held by the reporting person through the 2016 GRAT were transferred to the reporting person on January 26, 2017 and are now owned directly.
- F3Disposition of shares to the issuer to satisfy a tax withholding obligation.
- F4On February 13, 2015, the reporting person was granted units, vesting in three equal annual installments commencing with the first anniversary of the grant date.