4//SEC Filing
LAUGHLIN TERRENCE P 4
Accession 0001127602-18-010062
CIK 0000070858other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 4:23 PM ET
Size
12.4 KB
Accession
0001127602-18-010062
Insider Transaction Report
Form 4
LAUGHLIN TERRENCE P
Legacy Asset Servicing Executi
Transactions
- Disposition to Issuer
Common Stock
2018-03-01$31.48/sh−132,408$4,168,204→ 805,566.48 total(indirect: By Trust) - Exercise/Conversion
2015 Performance Restricted Stock Units
2018-03-01−132,408→ 0 total→ Common Stock (132,408 underlying) - Exercise/Conversion
Common Stock
2018-03-01+132,408→ 937,974.48 total(indirect: By Trust) - Award
2015 Performance Restricted Stock Units
2018-03-01+2,648→ 2,648 total→ Common Stock (2,648 underlying)
Holdings
- 36(indirect: By Spouse)
Common Stock
Footnotes (3)
- [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 2,648 units with a settlement date of March 1, 2020.
Documents
Issuer
BANK OF AMERICA CORP /DE/
CIK 0000070858
Entity typeother
Related Parties
1- filerCIK 0001195066
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 4:23 PM ET
- Size
- 12.4 KB