3 1 bofa_3.txt FORM 3 ------------------------------ OMB APPROVAL ------------------------------ OMB Number 3235-0104 Expires: December 31, 2001 Estimated average burden hours per response ......0.5 ------------------------------ U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 3 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 ================================================================================ 1. Name and Address of Reporting Person* Bank of America Corporation 100 North Tryon Street Bank of America Plaza Charlotte, NC 28255 ================================================================================ 2. Date of Event Requiring Statement (Month/Day/Year) March 6, 2002 ================================================================================ 3. IRS or Social Security Number of Reporting Person (Voluntary) ================================================================================ 4. Issuer Name and Ticker or Trading Symbol Comdial Corporation (CMDL) ================================================================================ 5. Relationship of Reporting Person to Issuer (Check all applicable) [ ] Director [ X ] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) -------------------------------------------------------------------- ================================================================================ 6. If Amendment, Date of Original (Month/Year) ================================================================================ 7. Individual or Joint/Group Filing (Check applicable line) [ ] Form Filed by One Reporting Person [ X ] Form Filed by More than One Reporting Person ================================================================================ Table I -- Non-Derivative Securities Beneficially Owned ================================================================================
3. Ownership Form: 2. Amount of Securities Direct (D) or 1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership (Instr. 4) (Instr. 4) (Instr. 5) (Instr.5) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. *If the form is filed by more than one reporting person, see instruction 5(b)(v). Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. page 1 of 3 FORM 3 (continued) Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
5. Owner- 3. Title and Amount of Securities ship Underlying Derivative Security Form of 2. Date Exercisable (Instr. 4) Derivative and Expiration Date --------------------------------- 4. Conver- Security: (Month/Day/Year) Amount sion or Direct 6. Nature of ---------------------- or Exercise (D) or Indirect Date Expira- Number Price of Indirect Beneficial 1. Title of Derivative Exer- tion of Derivative (I) Ownership Security (Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5) ------------------------------------------------------------------------------------------------------------------------------------ Series B Alternate Rate Cumulative Covertible Redeemable Preferred Stock immed. Common Stock 1,500,000 1.5 for 1(1) I By indirect subsidiary (see attached sheet) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Explanation of Responses: (1) The conversion price of the derivative security changes upon payments by the issuer to the reporting person to reduce the outstanding principal amount of an existing term loan from the reporting person to the issuer. The adjustment to the conversion price is as follows: Term Loan Paydown Conversion Ratio Shares of Common Stock Issuable Upon Conversion ----------------- ---------------- ----------------------------------------------- $0 1.5:1 1,500,000 $1.0 million 1.4:1 1,400,000 $1.5 million 1.3:1 1,300,000 $2.0 million 1.2:1 1,200,000 $2.5 million 1.0:1 1,000,000 $3.0 million 0.5:1 500,000
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Amy S. Anderson March 18, 2002 -------------------------------- -------------- ** Signature of Reporting Person Date Assistant Vice President Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. page 2 of 3 Information Regarding Joint Filers Designated Filer of Form 3: Bank of America Corporation Item 2. Date of Event Requiring Statement: March 6, 2002 Item 4. Issuer Name and Ticker Symbol: Comdial Corporation (CMDL) Ownership Form Nature of Indirect Designated Filer: Beneficial Ownership Bank of America Corporation Indirect 100% Owner of Reported Shares, as 100% 100 North Tryon Street Indirect Parent of NB Holdings Corporation, which is 100% Bank of America Plaza Parent of Bank of America, N.A. Charlotte, NC 28255 Joint Filers: NB Holdings Corporation 100 North Tryon Street Indirect Indirect 100% Owner of Reported Shares, as 100% Bank of America Plaza Parent of Bank of America, N.A. Charlotte, NC 28255
Bank of America, N.A. 101 South Tryon Street Direct Bank of America Plaza Charlotte, NC 28255 SIGNATURES BANK OF AMERICA CORPORATION By: /s/ Amy S. Anderson Date: March 18, 2002 ----------------------------------- Title: Assistant Vice President ----------------------------------- NB HOLDINGS CORPORATION By: /s/ Neil Cotty Date: March 18, 2002 -------------------------------------------- Title: Senior Vice President -------------------------------------------- BANK OF AMERICA, N.A. By: /s/ Amy S. Anderson Date: March 18, 2002 ----------------------------------- Title: Assistant Vice President ----------------------------------- page 3 of 3