SEC FORM 4 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*
BERKSHIRE HATHAWAY INC

(Last) (First) (Middle)
3555 FARNAM STREET

(Street)
OMAHA NE 68131

(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 X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/10/2019
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
Common Stock 10/10/2019 J 2,240,000 D $0.00(1) 947,760,000 I See footnotes(1)(2)(3)(4)(5)
Series T 6% Non-Cumulative Perpetual Preferred Stock 354 I See footnotes(5)(6)(7)
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
1. Name and Address of Reporting Person*
BERKSHIRE HATHAWAY INC

(Last) (First) (Middle)
3555 FARNAM STREET

(Street)
OMAHA NE 68131

(City) (State) (Zip)
1. Name and Address of Reporting Person*
BUFFETT WARREN E

(Last) (First) (Middle)
3555 FARNAM STREET

(Street)
OMAHA NE 68131

(City) (State) (Zip)
Explanation of Responses:
1. On October 10, 2019, Berkshire Hathaway Inc. ("Berkshire") sold its 81% interest in AU Holding Company, which was the direct owner of Continental Indemnity Company and California Insurance Company, with aggregate BAC common stock holdings between them of 2,240,000. At the time of the AU Holding Company transaction, the market value of the shares of Bank of America Corporation ("BAC") common stock held by Continental Indemnity Company and California Insurance Company was $63,728,000, based on the closing per share price of BAC common stock that day. There was no consideration specifically allocated to the BAC common stock holdings of Continental Indemnity Company and California Insurance Company in connection with the AU Holding Company transaction.
2. 947,760,000 of the total reported securities are owned directly by the following subsidiaries of Berkshire: AmGUARD Insurance Company (521,000), Atlanta International Insurance Company (560,000), Berkshire Hathaway Assurance Corporation (22,400,000), Berkshire Hathaway Homestate Insurance Company (11,900,000), Berkshire Hathaway International Insurance Ltd. (1,827,000), Berkshire Hathaway Life Insurance Company of Nebraska (6,630,000), Berkshire Hathaway Specialty Insurance Company (6,489,000), BH Finance LLC (140,000,000), BHG Life Insurance Company (1,614,000), Central States Indemnity Co. of Omaha (3,920,000), Columbia Insurance Company (25,028,000), Cypress Insurance Company (2,100,000), Finial Reinsurance Company (14,980,000), First Berkshire Life Insurance Company, (63,500),
3. Continued from footnote 2: Government Employees Insurance Company (229,600,000), GEICO Indemnity Company (81,200,000), GEICO Marine Insurance Co. (980,000), General Re Life Corporation (1,575,000), General Reinsurance Corporation (14,000,000), General Star Indemnity Company (5,040,000), General Star National Insurance Company (1,960,000), Genesis Insurance Company (176,400), The Medical Protective Company (10,396,000), Mount Vernon Fire Insurance Company (7,000,000), National Fire & Marine Insurance Company (17,275,000), National Indemnity Company (292,391,100), National Liability & Fire Insurance Company (28,000,000), National Indemnity Company of Mid America (2,380,000), National Indemnity Company of the South (2,800,000), NorGUARD Insurance Company (868,000), NRG America Holding Company (5,600,000),
4. Continued from footnote 3: Oak River Insurance Company (4,200,000), Old United Casualty Company (443,000), Princeton Insurance Company (1,043,000), United States Liability Insurance Company (2,800,000). In order to avoid double counting, shares of Common Stock reported as being owned by each of these subsidiaries only reflect shares that are owned directly by such subsidiary, and do not reflect any shares that such subsidiary may be deemed to beneficially own by virtue of ownership or control of any other subsidiary otherwise reported in this Form 4.
5. As Berkshire is in the chain of ownership of each subsidiary listed, it may be deemed presently to both beneficially own and have a pecuniary interest in all shares presently directly owned by such subsidiaries. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed presently to beneficially own, but only to the extent he has a pecuniary interest in, the shares presently owned by each of these subsidiaries. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
6. 354 of the total reported securities are owned directly by the following subsidiaries of Berkshire: Berkshire Hathaway Assurance Corporation (11), Berkshire Hathaway Homestate Insurance Company (6), BH Finance LLC (72), Central States Indemnity Company of Omaha (2), Cypress Insurance Company (1), Finial Reinsurance Company (7), GEICO Indemnity Company (42), General Reinsurance Corporation (7), General Star Indemnity Company (2), General Star National Insurance Company (1), Government Employees Insurance Company (119), Mount Vernon Fire Insurance Company (3), National Indemnity Company (60), National Indemnity Company of Mid-America (1), National Indemnity Company of the South (1), National Liability and Fire Insurance Company (14), NRG America Holding Company (2), Oak River Insurance Company (2), United States Liability Insurance Company (1).
7. Continued from Footnote 6: The one share of Series T 6% Non-Cumulative Perpetual Preferred Stock previously held by California Insurance Company was transferred to National Indemnity Company. In order to avoid double counting, shares of Series T 6% Non-Cumulative Perpetual Preferred Stock reported as being owned by each of these subsidiaries only reflect shares that are owned directly by such subsidiary, and do not reflect any shares that such subsidiary may be deemed to beneficially own by virtue of ownership or control of any other subsidiary otherwise reported in this Form 4.
Remarks:
/s/ Warren E. Buffett, on behalf of himself and each other reporting person hereunder 10/15/2019
** Signature of Reporting Person Date
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