SEC Form 4 · accession 0001127602-18-006660

· BAC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Vice Chairman & Head of GWIM

Period of report

Feb 15, 2018

Accepted (ET)

Feb 16, 2018 · 4:29 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 Stock	holding	—	—		—	749,938	I	By Revocable Trust
Common Stock	holding	—	—		—	36	I	By Spouse IRA

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
2018 Performance Restricted Stock Units^F1,F2	—	Feb 15, 2018	A	98,812	A	—	—	Common Stock	98,812	98,812	D
2018 Restricted Stock Units^F1,F3	—	Feb 15, 2018	A	98,812	A	—	Feb 15, 2021	Common Stock	98,812	98,812	D

F1Each unit represents a contingent right to receive one share of Bank of America Corporation common stock.
F2Award under the Bank of America Corporation Key Employee Equity Plan in a transaction that is exempt under Rule 16b-3(d). These units are subject to the attainment of pre-established 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, 2018 and ending December 31, 2020. To the extent earned, the award will be settled in shares on March 1, 2021. The reported number of units represents the "maximum" amount of the award (i.e., 100%); the actual award upon vesting may range between 0% and 100% of the maximum, depending upon satisfaction of the performance goals.
F3Award under the Bank of America Corporation Key Employee Equity Plan in a transaction that is exempt under Rule 16b-3(d). These units vest in three equal annual installments commencing February 15, 2019.