SEC Form 4 · accession 0001127602-17-010161
BANK OF AMERICA CORP /DE/ · BAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrea B Smith
Officer — Chief Administrative Officer
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 4:25 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 | Mar 1, 2017 | M | 61,280 | $0.00 | A | 405,251 | D | |
| Common Stock | Mar 1, 2017 | D | 61,280 | $25.50 | D | 343,971 | D | |
| Common Stock | holding | — | — | — | 54 | I | UTMA Trust 1 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014 Performance Restricted Stock UnitsF1,F3,F2 | — | Mar 1, 2017 | M | 61,280 | D | — | — | Common Stock | 61,280 | 0 | D |
Explanation of responses
- F1Each unit is the economic equivalent of one share of Bank of America Corporation common stock.
- F2On February 14, 2014, the reporting person was granted units, vesting and payable in cash based on the closing price of Bank of America Corporation common stock on the settlement date, subject to the Company's attainment of performance goals. One-half of the units have performance goals based on the Company's three-year average return on assets and one-half of the units have performance goals based on the Company's three-year average growth in adjusted tangible book value, both beginning on January 1, 2014 and ending on December 31, 2016.
- F3The units have reached the end of the performance period. No units remain outstanding.