Accession Number: | 0001127602-18-010042 |
Date: | 2018-03-01 |
Issuer: | BANK OF AMERICA CORP /DE/ (BAC) |
Original Submission Date: |
MONTAG THOMAS K.
100 NORTH TRYON STREET
CHARLOTTE, NC 28255
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2018-03-01 | M | 240,741 | a | $0.00 | 1,912,866 | direct | ||
COMMON STOCK | 2018-03-01 | D | 240,741 | d | $31.48 | 1,672,125 | direct | ||
COMMON STOCK | 2018-03-01 | 0 | $0.00 | 494,114 | indirect | ||||
COMMON STOCK | 2018-03-01 | 0 | $0.00 | 470,724 | indirect |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2015 PERFORMANCE RESTRICTED STOCK UNITS | 0.0 | 2018-03-01 | deemed execution date | M | 240,741 (d) | common stock 240,741 | $0.00 | 0 | direct | |||
2015 PERFORMANCE RESTRICTED STOCK UNITS | 0.0 | 2018-03-01 | deemed execution date | A | 4,814 (a) | common stock 4,814 | $0.00 | 4,814 | direct |
ID | footnote |
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f1 | each unit is the economic equivalent of one share of bank of america corporation common stock. |
f2 | on 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. |
f3 | for 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 4,814 units with a settlement date of march 1, 2020. |