SEC Form 4 · accession 0001225208-15-006503
BANK OF AMERICA CORP /DE/ · BAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Terrence P Laughlin
Officer — Pres. of Strategic Initiatives
Period of report
Mar 1, 2015
Accepted (ET)
Mar 3, 2015 · 4:08 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 | Mar 1, 2015 | M | 140,377 | $0.00 | A | 193,122 | D | |
| Common StockF2 | Mar 1, 2015 | F | 72,393 | $15.81 | D | 120,729 | D | |
| Common Stock | holding | — | — | — | 352,249 | I | By Revocable Trust | |
| Common Stock | holding | — | — | — | 36 | I | By spouse IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2012 Performance Restricted Stock UnitsF1,F3 | $0.00 | Mar 1, 2015 | M | 140,377 | D | — | — | Common Stock | 140,377 | 210,567 | D |
Explanation of responses
- 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 15, 2012, the reporting person was granted units that vest subject to the Company's attainment of return on asset performance goals measured each quarter based on a twelve-month rolling period. Represents vesting and settlement of units based on the attainment of goals for the four quarters ending December 31, 2013.