0001127602-20-009093.txt : 20200303 0001127602-20-009093.hdr.sgml : 20200303 20200303165902 ACCESSION NUMBER: 0001127602-20-009093 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200301 FILED AS OF DATE: 20200303 DATE AS OF CHANGE: 20200303 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Bessant Catherine P CENTRAL INDEX KEY: 0001649626 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-06523 FILM NUMBER: 20683391 MAIL ADDRESS: STREET 1: 100 NORTH TRYON STREET CITY: CHARLOTTE STATE: NC ZIP: 28255 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: BANK OF AMERICA CORP /DE/ CENTRAL INDEX KEY: 0000070858 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 560906609 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: BANK OF AMERICA CORPORATE CENTER STREET 2: 100 N TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 BUSINESS PHONE: 7043868486 MAIL ADDRESS: STREET 1: BANK OF AMERICA CORPORATE CENTER STREET 2: 100 N TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 FORMER COMPANY: FORMER CONFORMED NAME: BANKAMERICA CORP/DE/ DATE OF NAME CHANGE: 19981022 FORMER COMPANY: FORMER CONFORMED NAME: NATIONSBANK CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: NCNB CORP DATE OF NAME CHANGE: 19920107 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2020-03-01 0000070858 BANK OF AMERICA CORP /DE/ BAC 0001649626 Bessant Catherine P 100 NORTH TRYON STREET CHARLOTTE NC 28255 1 Chief Ops & Tech Officer Common Stock 2020-03-01 4 M 0 82439 A 366083 I Revocable Trust Common Stock 2020-03-01 4 F 0 37191 28.50 D 328892 I Revocable Trust Common Stock 2020-03-01 4 M 0 1851 A 330743 I Revocable Trust Common Stock 2020-03-01 4 D 0 1851 28.50 D 328892 I Revocable Trust Common Stock 453788.52 D Common Stock 8416.04 I 401(k) Plan Common Stock 1250 I By Child Common Stock 1250 I UTMA Trust 2 2017 Performance Restricted Stock Units 2020-03-01 4 M 0 82439 D Common Stock 82439 0 D 2015 Performance Restricted Stock Units 2020-03-01 4 M 0 1851 D Common Stock 1851 0 D Each unit represents a contingent right to receive one share of Bank of America Corporation common stock. 42,737 shares previously reported as being directly held are held in the reporting person's Revocable Trust. Disposition of shares to the issuer to satisfy a tax withholding obligation. Each unit is the economic equivalent of one share of Bank of America Corporation common stock. Reflects a change in the ownership of the account from an UTMA to direct ownership by a child of the reporting person. On February 15, 2017, 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, 2017 and ending December 31, 2019. 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, 2020. 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 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, 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. The amount earned exceeding 100% resulted in an additional 1,851 units which were settled in cash on March 1, 2020. Catherine P. Bessant / Michael P. Lapp POA 2020-03-03