O'Keefe Edward P. 4

4 · BANK OF AMERICA CORP /DE/ · Filed Feb 17, 2012

Form 4

Period: 2012-02-15

General Counsel

Transactions

Disposition to Issuer
Common Stock
2012-02-15$7.78/sh−5,145$40,028→ 54,241 total
Exercise/Conversion
Common Stock
2012-02-15+5,145→ 59,386 total
Exercise/Conversion
Stock Units 2011
2012-02-15−5,145→ 0 total
Exercise: $0.00Exp: 2012-02-15→ Common Stock (5,145 underlying)
Award
2012 Performance Restricted Stock Units
2012-02-15+143,397→ 143,397 total
Exercise: $0.00→ Common Stock (143,397 underlying)

Holdings

Footnotes (3)

[F1]Each Stock Unit is the economic equivalent of one share of Bank of America common stock.
[F2]Award of performance contingent restricted stock units (PRSUs) on February 15, 2012 pursuant to the terms of a Performance Contingent Restricted Stock Unit Agreement and the Bank of America Corporation 2003 Key Associate Stock Plan (KASP), which is exempt under Rule 16b-3(d) subject to the attainment of pre-established performance goals. The PRSU performance goals are based on the Company's return on assets measured each quarter based on the prior 12 month period. Each performance period is comprised of four calendar quarters and occurs on a rolling quarterly basis. The first performance period is the four calendar quarters ending December 31, 2012 and the last performance period is the the four calendar quarters ending December 31, 2016. To the extent earned, PRSUs will be settled 100% in shares. The earliest potential settlement date is March 1, 2015.
[F3]The stock units were awarded on February 15, 2011 pursuant to the terms of a Stock Unit Award Agreement which is exempt under Rule 16b-3(d). These units vest and are payable solely in cash as follows:1/12th of the stock units will vest and become payable on the 15th day of each month during the twelve month period beginning in March 2011 and ending in February 2012.

Documents

1 file