SEC Form 4 · accession 0001127602-19-009902

· BAC

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

Reporting owner

Officer — Chief Risk Officer

Period of report

Mar 1, 2019

Accepted (ET)

Mar 5, 2019 · 4:09 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, 2019	M	200,000	$0.00	A	852,817	D
Common Stock^F2	Mar 1, 2019	F	102,142	$29.31	D	750,675	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
2016 Performance Restricted Stock Units^F1,F3	—	Mar 1, 2019	M	200,000	D	—	—	Common Stock	200,000	0	D
2016 Performance Restricted Stock Units^F1,F4	—	Mar 1, 2019	A	32,000	A	—	—	Common Stock	32,000	32,000	D

F1Each unit represents a contingent right to receive one share of Bank of America Corporation common stock.
F2Disposition of shares to the issuer to satisfy a tax withholding obligation.
F3On February 12, 2016, the reporting person was granted units, 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, 2016 and ending December 31, 2018. For the performance period, an amount equaling 116% of the target was earned. Of the 116% earned, 100% was settled in shares on March 1, 2019 and the remaining 16% will be settled in shares on March 1, 2021.
F4For the performance period beginning January 1, 2016 and ending December 31, 2018, an amount equaling 116% of the target was earned; the amount earned exceeding 100% resulted in an additional 32,000 units with a settlement date of March 1, 2021.