4//SEC Filing
BANK OF AMERICA CORP /DE/ 4
Accession 0001225208-14-005175
$BACCIK 0000070858operating
Filed
Feb 18, 7:00 PM ET
Accepted
Feb 19, 6:35 PM ET
Size
17.6 KB
Accession
0001225208-14-005175
Insider Transaction Report
Form 4
LYNCH GARY G
Gbl Chief Legl Compl & Reg Rel
Transactions
- Exercise/Conversion
Common Stock
2014-02-15+51,551→ 257,702 total - Tax Payment
Common Stock
2014-02-15$16.70/sh−28,776$480,559→ 228,926 total - Award
2014 Restricted Stock Units
2014-02-14+146,936→ 146,936 totalExp: 2017-02-14→ Common Stock (146,936 underlying) - Award
2014 Performance Restricted Stock Units
2014-02-14+146,936→ 146,936 total→ Common Stock (146,936 underlying) - Exercise/Conversion
2013 Restricted Stock Units
2014-02-15−51,551→ 103,102 totalExercise: $0.00Exp: 2016-02-15→ Common Stock (51,551 underlying)
Footnotes (7)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Bank of America Corporation common stock.
- [F2]Disposition of shares to the issuer to satisfy the tax withholding obligation associated with the vesting of restricted stock units, which is exempt under Rule 16b-3(e).
- [F3]Each restricted stock unit is the economic equivalent of one share of Bank of America Corporation common stock.
- [F4]Award of performance restricted stock units (PRSUs) on February 14, 2014 pursuant to the terms of a Performance Restricted Stock Units Agreement, which is exempt under Rule 16b-3(d) subject to the attainment of pre-established performance goals. One-half of the PRSUs reported have performance goals based on the Company's three year average return on assets and one-half of the PRSUs reported have performance goals based on the Company's three year average growth in adjusted tangible book value, both beginning on January 1, 2014 and ending December 31, 2016. To the extent earned, the award shall be settled 100% in cash based on the closing price of Bank of America Corporation common stock on the settlement date. The reported number of PRSUs represents the "target" amount of the award; the actual award upon vesting may range between 0% and 125% of the target, depending upon satisfaction of the performance goals.
- [F5]Each restricted stock unit represents a contingent right to receive one share of Bank of America common stock.
- [F6]These restricted stock units, which are exempt under Rule 16b-3(d), vest in three equal annual installments commencing with the first anniversary of the February 14, 2014 grant date.
- [F7]These restricted stock units, which are exempt under Rule 16b-3(d), vest in three equal annual installments commencing with the first anniversary of the February 15, 2013 grant date.
Documents
Issuer
BANK OF AMERICA CORP /DE/
CIK 0000070858
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000070858
Filing Metadata
- Form type
- 4
- Filed
- Feb 18, 7:00 PM ET
- Accepted
- Feb 19, 6:35 PM ET
- Size
- 17.6 KB