Bank of America Form 4 / Bruce R. Thompson ownership change

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^*

Thompson Bruce R.

(Last)

(First)

(Middle)

100 NORTH TRYON STREET

(Street)

CHARLOTTE

28255

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BANK OF AMERICA CORP /DE/ [ BAC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Vice Chair, Head Ent Credit

3. Date of Earliest Transaction (Month/Day/Year)
02/15/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/15/2023		M		35,897	A	⁽¹⁾	736,168	D
Common Stock	02/15/2023		F		17,394⁽²⁾	D	$35.56	718,774	D
Common Stock	02/15/2023		M		15,000	A	⁽¹⁾	733,774	D
Common Stock	02/15/2023		F		7,269⁽²⁾	D	$35.56	726,505	D
Common Stock	02/15/2023		M		36,163	A	⁽¹⁾	762,668	D
Common Stock	02/15/2023		F		17,212⁽²⁾	D	$35.56	745,456	D
Common Stock	02/15/2023		M		20,265	A	⁽¹⁾	765,721	D
Common Stock	02/15/2023		F		9,298⁽²⁾	D	$35.56	756,423	D
Common Stock	02/15/2023		M		40,384	A	⁽¹⁾	796,807	D
Common Stock	02/15/2023		F		18,167⁽²⁾	D	$35.56	778,640	D
Preferred Stock, Series NN								60,000	D
Preferred Stock, Series LL								40,000	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
2019 Restricted Stock Units	⁽¹⁾	02/15/2023		M			35,897	⁽³⁾	⁽³⁾	Common Stock	35,897	⁽¹⁾	35,898	D
Vested Restricted Stock Units	⁽¹⁾	02/15/2023		M		35,897		⁽³⁾	02/15/2025	Common Stock	35,897	⁽¹⁾	71,794	D
Vested Restricted Stock Units	⁽¹⁾	02/15/2023		M			35,897	⁽³⁾	02/15/2025	Common Stock	35,897	⁽¹⁾	35,897	D
Restricted Stock Units	⁽¹⁾	02/15/2023		M			21,000	⁽⁴⁾	⁽⁴⁾	Common Stock	21,000	⁽¹⁾	54,000	D
Vested Restricted Stock Units	⁽¹⁾	02/15/2023		M		21,000		⁽⁴⁾	02/15/2027	Common Stock	21,000	⁽¹⁾	36,000	D
Vested Restricted Stock Units	⁽¹⁾	02/15/2023		M			15,000	⁽⁴⁾	02/15/2027	Common Stock	15,000	⁽¹⁾	21,000	D
2020 Restricted Stock Units	⁽¹⁾	02/15/2023		M			36,163	⁽⁵⁾	⁽⁵⁾	Common Stock	36,163	⁽¹⁾	72,326	D
Vested Restricted Stock Units	⁽¹⁾	02/15/2023		M		36,163		⁽⁵⁾	02/15/2026	Common Stock	36,163	⁽¹⁾	72,326	D
Vested Restricted Stock Units	⁽¹⁾	02/15/2023		M			36,163	⁽⁵⁾	02/15/2026	Common Stock	36,163	⁽¹⁾	36,163	D
2021 Restricted Stock Units	⁽¹⁾	02/15/2023		M			20,265	⁽⁶⁾	⁽⁶⁾	Common Stock	20,265	⁽¹⁾	60,797	D
Vested Restricted Stock Units	⁽¹⁾	02/15/2023		M		20,265		⁽⁶⁾	02/15/2027	Common Stock	20,265	⁽¹⁾	40,530	D
Vested Restricted Stock Units	⁽¹⁾	02/15/2023		M			20,265	⁽⁶⁾	02/15/2027	Common Stock	20,265	⁽¹⁾	20,265	D
2022 Restricted Stock Units	⁽¹⁾	02/15/2023		M			40,384	⁽⁷⁾	02/15/2026	Common Stock	40,384	⁽¹⁾	121,155	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 15, 2019, the reporting person was granted units, vesting in five equal annual installments commencing on February 15, 2020. The net amount of each installment after any applicable tax withholding is subject to an additional twelve-month holding period after vesting.

4. On February 15, 2019, the reporting person was granted units, with 40% vesting on February 15, 2022 and the remaining 60% vesting in five annual installments of 10%, 14%, 12%, 12%, and 12%, respectively, commencing on February 15, 2022. The net amount of each of the five installments after any applicable tax withholding is subject to an additional twelve-month holding period after vesting.

5. On February 14, 2020, the reporting person was granted units, vesting in five equal annual installments commencing on February 15, 2021. The net amount of each of the five installments after any applicable tax withholding is subject to an additional twelve-month holding period after vesting.

6. On February 12, 2021, the reporting person was granted units, vesting in five equal annual installments commencing on February 15, 2022. The net amount of each of the five installments after any applicable tax withholding is subject to an additional twelve-month holding period after vesting.

7. On February 15, 2022, the reporting person was granted units, vesting in four equal annual installments commencing on February 15, 2023.

	Bruce R. Thompson / Michael P. Lapp POA	02/17/2023
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Bank of America (BAC) Form 4BANK OF AMERICA / Bruce R. Thompson ownership change