SEC Form 4 · accession 0001127602-18-010075

· BAC

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

Reporting owner

Officer — Chief Ops & Tech Officer

Period of report

Mar 1, 2018

Accepted (ET)

Mar 5, 2018 · 4:31 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^F1	Mar 1, 2018	M	92,593	$0.00	A	592,093	D
Common Stock	Mar 1, 2018	D	92,593	$31.48	D	499,500	D
Common Stock	holding	—	—		—	8,108	I	401(k) Plan
Common Stock	holding	—	—		—	114,948	I	Revocable Trust
Common Stock	holding	—	—		—	1,250	I	UTMA Trust 1
Common Stock	holding	—	—		—	1,250	I	UTMA Trust 2

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
2015 Performance Restricted Stock Units^F1,F2	—	Mar 1, 2018	M	92,593	D	—	—	Common Stock	92,593	0	D
2015 Performance Restricted Stock Units^F1,F3	—	Mar 1, 2018	A	1,851	A	—	—	Common Stock	1,851	1,851	D

F1Each unit is the economic equivalent of one share of Bank of America Corporation common stock.
F2On February 13, 2015, 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 reported have performance goals based on the Company's three-year average return on assets and one-half of the units reported have performance goals based on the Company's three-year average growth in adjusted tangible book value, both beginning on January 1, 2015 and ending December 31, 2017. For the performance period, an amount equaling 102% of the target was earned. Of the 102% earned, 100% was settled in cash on March 1, 2018 and the remaining 2% will be settled in cash on March 1, 2020.
F3For the performance period beginning January 1, 2015 and ending December 31, 2017, an amount equaling 102% of the target was earned; the amount earned exceeding 100% resulted in an additional 1,851 units with a settlement date of March 1, 2020.