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, Section 17(a) of the Public Utility

Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

 

 

(Print or Type Responses)

1. Name and Address of Reporting Person*

Bank of America, N.A.1

 

2. Issuer Name and Ticker or Trading Symbol

CheckFree Corporation (CKFR)

6. Relationship of Reporting Person(s) to Issuer

(Check all applicable)

______Director X 10% Owner

______Officer (give title below) _______ Other (specify below)

(Last) (First) (Middle)

3. IRS or Social Security Number of Reporting Person (Voluntary)

4. Statement for Month/Year

101 South Tryon Street, Bank of America Plaza

94-1687665

5-2001

______________________________

(Street)

 

Charlotte, N.C. 28255-0001

5. If Amendment,

Date of Original

(Month/Year)

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

______ Form filed by One Reporting Person

X Form filed by More than One Reporting Person

SEE ATTACHMENT

(City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security

(Instr. 3)

  1. Transaction
  2. Date

    (Month/ Day/ Year)

  • Transaction
  • Code (Instr. 8)

    4. Securities Acquired (A) or

    Disposed of (D)

    (Instr. 3, 4 and 5)

    5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)

    1. Ownership Form:

    Direct

    (D) or Indirect (I) (Instr. 4)

    7. Nature of Indirect Beneficial Ownership

    (Instr. 4)

    Code

    V

    Amount

    (A) or (D)

    Price

    FORM 4 (continued) TABLE II - Derivative Securities Acquired, Disposed of, or Beneficially Owned

    (e.g., puts, calls, warrants, options, convertible securities)

     

    1. Title of Derivative Security
    2. (Instr. 3)

  • Conver-
  • sion or Exercise Price of Derivative Security

    3. Trans-

    action Date

    (Month/

    Day/

    Year)

    1. Transac-

    tion Code (Instr. 8)

    5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

    1. Date Exercisable and Expiration Date (Month/

    Day/Year)

    7. Title and Amount of Under- lying Securities

    (Instr. 3 and 4)

    8. Price of

    Derivative Security (Instr. 5)

    9. Number of

    Derivative Securities Beneficially Owned at End of Month

    (Instr. 4)

    10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)

    Instr. 4)

    1. Nature of Indirect Beneficial Ownership

    (Instr.  4)

    Code

    V

    (A)

    (D)

    Date Exercisable

    Expiration Date

    Title

    Amount or Number of Shares

    Call Option

    (obligation to sell)

    $46.729

    05/03/01

    S

     

     

    860,000

    8/04/03

    8/04/03

    Common Stock

    860,000

    $11,782,401.79

    0

     

     

    Put Option

    (right to sell)

    $38.9408

    05/03/01

    P

     

    860,000

     

    8/04/03

    8/04/03

    Common Stock

    860,000

    $11,481,000.00

    860,000

    D

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Explanation of Responses:

    1 The Designated Filer entered into a series of collar transactions in order to offset a series of similar transactions with a subsidiary that is also a Reporting Person and is the

    beneficial owner of the subject shares. A portion of the proceeds will be allocated internally among the Reporting Persons.

    Bank of America, N.A.

     ___/s/ David R. Smith__________________ 6-08-01

    *Signature of Reporting Person Date

    David R. Smith, Senior Vice President

     

    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.

    Page 2

     

    Information Regarding Joint Filers and Other Entities

    Designated Filer of Form 4: Bank of America, N.A.

    Item 2: Issuer Name and Ticker Trading Symbol: CheckFree Corporation (CKFR)

    Item 4: Statement for Month/Year: 5/01

    Information Regarding Joint Filers and Other Entities:

    Bank of America Corporation (IRS Number 56-0906609)

    100 North Tryon Street, Charlotte, NC 28255

    Relationship of Reporting Person to Issuer: 10% Owner

    Ownership Form: Indirect (I)

    Nature of Indirect Beneficial Ownership: Indirect 100% Owner of Designated Filer

    NB Holdings Corporation (IRS Number 56-1857749)

    1209 Orange Street, Wilmington, DE 19801

    Relationship of Reporting Person to Issuer: 10% Owner

    Ownership Form: Indirect (I)

    Nature of Indirect Beneficial Ownership: 100% Owner of Designated Filer

    Banc of America E-Commerce Holdings, Inc.(IRS Number 94-3234951)

    101 South Tryon Street, Charlotte, NC 28255

    Relationship of Reporting Person to Issuer: 10% Owner

    Ownership Form: Indirect (I)

    Nature of Indirect Beneficial Ownership: 100% Subsidiary of Designated Filer and beneficial owner of underlying sercurties1

     

    SIGNATURES

    BANK OF AMERICA CORPORATION

     

    By:___/s/ David R. Smith_______________ 6/08/01

    Title: Senior Vice President Date

     

    NB HOLDINGS CORPORATION

     

    By:___/s/ David R. Smith_______________ 6/08/01

    Title: Senior Vice President Date

     

    BANC OF AMERICA E-COMMERCE HOLDINGS, INC.

     

    By:___/s/ David R. Smith________________ 6/08/01

    Title: Senior Vice President Date