Statement of Changes in Beneficial Ownership (4)
March 03 2021 - 4:09PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Bessant Catherine P |
2. Issuer Name and Ticker or Trading Symbol
BANK OF AMERICA CORP /DE/
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BAC
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Ops & Tech Officer |
(Last)
(First)
(Middle)
100 NORTH TRYON STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/1/2021 |
(Street)
CHARLOTTE, NC 28255
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 3/1/2021 | | M | | 21523 | A | (1) | 391009 | I | Revocable Trust |
Common Stock | 3/1/2021 | | F | | 9690 (2) | D | $35.79 | 381319 | I | Revocable Trust |
Common Stock | 3/1/2021 | | M | | 67481 | A | (1) | 448800 | I | Revocable Trust |
Common Stock | 3/1/2021 | | F | | 30369 (2) | D | $35.79 | 418431 | I | Revocable Trust |
Common Stock | | | | | | | | 453788.52 | D | |
Common Stock | | | | | | | | 8711.72 | I | 401(k) Plan |
Common Stock | | | | | | | | 1250 | I | By Child |
Common Stock | | | | | | | | 1250 | I | UTMA Trust 2 |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
2016 Performance Restricted Stock Units | (1) | 3/1/2021 | | M | | | 21523 | (3) | (3) | Common Stock | 21523 | (1) | 0 | D | |
2018 Performance Restricted Stock Units | (1) | 3/1/2021 | | M | | | 67481 | (4) | (4) | Common Stock | 67481 | (1) | 0 | D | |
Explanation of Responses: |
(1) | Each unit represents a contingent right to receive one share of Bank of America Corporation common stock. |
(2) | Disposition of shares to the issuer to satisfy a tax withholding obligation. |
(3) | On February 12, 2016, the reporting person was granted units subject to the Company's attainment of performance goals. One-half of the units reported had performance goals based on the Company's three-year average return on assets and one-half of the units reported had performance goals based on the Company's three-year average growth in adjusted tangible book value, both beginning on January 1, 2016 and ending December 31, 2018. For the performance period, an amount equaling 116% of the target was earned. Of the 116% earned, 100% was settled in shares on March 1, 2019. The amount earned exceeding 100% resulted in an additional 21,523 units which were settled in shares on March 1, 2021. |
(4) | On February 15, 2018, the reporting person was granted units, subject to the Company's attainment of performance goals. One-half of the units have performance goals based on the Company's three year average return on assets and one-half of the units have performance goals based on the Company's three year average growth in adjusted tangible book value, both beginning on January 1, 2018 and ending December 31, 2020. For the performance period, an amount equaling 100% of the target was earned. Of the 100% earned, 100% was settled in shares on March 1, 2021. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Bessant Catherine P 100 NORTH TRYON STREET CHARLOTTE, NC 28255 |
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| Chief Ops & Tech Officer |
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Signatures
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Catherine P. Bessant / Michael P. Lapp POA | | 3/3/2021 |
**Signature of Reporting Person | Date |
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