SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
BANK OF AMERICA CORP /DE/

(Last) (First) (Middle)
BANK OF AMERICA CORPORATE CENTER
100 N. TRYON ST.

(Street)
CHARLOTTE NC 28255

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Uni-Pixel [ UNXL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/15/2010
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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 (Month/Day/Year) 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: 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
Convertible Promissory Note $0.5 03/15/2010 P $300,000(1) 03/15/2010 (1) Common Stock 600,000(1) (1) 600,000(1) I(2) By Subsidiary(2)
Warrant to Purchase Common Stock $0.5 03/15/2010 P 150,000(3) 03/15/2010 12/31/2019(3) Common Stock 150,000(3) (3) 150,000(3) I(2) By Subsidiary(2)
1. Name and Address of Reporting Person*
BANK OF AMERICA CORP /DE/

(Last) (First) (Middle)
BANK OF AMERICA CORPORATE CENTER
100 N. TRYON ST.

(Street)
CHARLOTTE NC 28255

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.

(Last) (First) (Middle)
ONE BRYANT PARK

(Street)
NEW YORK NY 10036

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. On March 15, 2010, Merrill Lynch, Pierce, Fenner & Smith ("MLPFS") acquired Convertible Promissory Notes (the "Notes") in the principal amount of $300,000. The Notes are due and payable at maturity together with interest at the rate of 8% per annum. The maturity date is the earlier of March 15, 2011 or the successful raise of the next equity financing (or series of financings) aggregating at least $10,000,000 in gross proceeds. The Notes are convertible by MLPFS at any time at a conversion price of $0.50 per share, subject to anti-dilution provisions provided in the Notes. The Notes are convertible into 600,000 shares of Uni-Pixel common stock ("Common Stock").
2. The transactions reported on this Form 4 were effected by MLPFS, an indirect, wholly owned subsidiary of Bank of America Corporation.
3. On March 15, 2010, MLPFS acquired a warrant (the "Warrant"), which entitles MLPFS to purchase 150,000 shares of Common Stock at an exercise price of $0.50 per share from the date of issuance through the close of business on December 31, 2019 (the "Warrant Expiration Date"). The Warrant may be exercised at any time after issuance until the Warrant Expiration Date through the use of cashless exercise provisions that are described in the Warrant.
Remarks:
/s/ Angelina Richardson, Vice President 03/17/2010
/s/ Lawrence Emerson, Attorney-in-Fact 03/17/2010
** Signature of Reporting Person Date
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 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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