SEC Form 4 · accession 0001127602-18-033730
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, 2018
Accepted (ET)
Nov 19, 2018 · 4:10 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, 2018 | M | 17,272 | $0.00 | A | 1,158,971 | D | |
| Common Stock | Nov 15, 2018 | D | 17,272 | $27.90 | D | 1,141,699 | D | |
| Common Stock | Nov 15, 2018 | G | 638 | $0.00 | D | 0 | I | Family Trust |
| Common Stock | holding | — | — | — | 3,010 | I | 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 Cash Settled Restricted Stock UnitsF1,F3 | — | Nov 15, 2018 | M | 17,272 | D | — | Feb 15, 2019 | Common Stock | 17,272 | 51,816 | D |
Explanation of responses
- F1Each unit is the economic equivalent of one share of Bank of America Corporation common stock.
- F2Represents mandatory distribution of shares to trust beneficiary for no consideration in accordance with the trust's terms, treated as a gift for Section 16 purposes.
- F3On February 15, 2018, 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 2018 and ending in February 2019.