SEC Form 4 · accession 0001225208-15-001504
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
Jan 14, 2015
Accepted (ET)
Jan 16, 2015 · 4:03 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 | Jan 14, 2015 | M | 18,780 | $0.00 | A | 614,520 | D | |
| Common Stock | Jan 14, 2015 | D | 18,780 | $16.04 | D | 595,740 | D | |
| Common StockF2 | holding | — | — | — | 2,875 | I | 401(k) Plan | |
| Common Stock | holding | — | — | — | 1,276 | I | Family Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014 Cash Settled Restricted Stock UnitsF1,F3 | — | Jan 14, 2015 | M | 18,780 | D | — | Feb 14, 2015 | Common Stock | 18,780 | 18,781 | D |
Explanation of responses
- F1Each restricted stock unit is the economic equivalent of one share of Bank of America Corporation common stock.
- F2For the 12 months ended in December 31, 2014, the share equivalents attributed to the reporting person's 401(k) balance increased 13.66 shares due to changes in the Net Asset Value (NAV) of the issuer's stock fund.
- F3Payment was made pursuant to the terms of a Restricted Stock Unit Award Agreement. As per the Agreement, one-twelfth of the stock units vest and become payable in cash on the 14th day of each month during the 12-month period beginning March 2014 and ending in February 2015.