Form Type: 4

SEC EDGAR Link
Accession Number:0001127602-18-010042
Date:2018-03-01
Issuer: BANK OF AMERICA CORP /DE/ (BAC)
Original Submission Date:

Reporting Person:

MONTAG THOMAS K.
100 NORTH TRYON STREET
CHARLOTTE, NC 28255

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature 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
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
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 ExercisableExpiration 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
Footnotes
IDfootnote
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.
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