Annual report pursuant to Section 13 and 15(d)

Employee Incentive Plans (Tables)

v2.4.0.6
Employee Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Restricted Stock and Restricted Stock Units Activity
The following table presents the activity of the restricted stock/unit awards that were granted as stock settled awards during 2012:
 
Restricted
Shares/Units
 
Weighted Average
Fair Value Per Share
Outstanding at January 1, 2012
177,485,106

 
$
13.29

Granted — 2012
141,409,035

 
7.78

Paid, forfeited, or released from contingencies
(223,087,090
)
 
10.00

Transfers in(1)
1,241,157

 
10.37

Transfers out(1)
(710,779
)
 
14.34

Outstanding at December 31, 2012
96,337,429

 
12.78

 
 
 
 
(1) Transfers in and transfers out resulted from employee transfers to and from Merrill Lynch and non-Merrill Lynch subsidiaries of Bank of America.
Schedule of Restricted Stock and Restricted Stock Units with and without a Future Service Requirement
The above activity includes awards with or without a future service requirement, as follows:
 
No Future Service Required
 
Future Service Required
 
Shares/Units
 
Weighted Avg
Grant Price
 
Shares/Units
 
Weighted Avg
Grant Price
Outstanding at January 1, 2012
78,808,825

 
$
13.18

 
98,676,281

 
$
13.39

Granted — includes net transfers
138,920,149

 
7.75

 
3,019,264

 
8.62

Paid, forfeited, or released from contingencies
(178,309,788
)
 
9.04

 
(44,777,302
)
 
13.82

Service criteria satisfied(1)
8,271,783

 
13.80

 
(8,271,783
)
 
13.80

Outstanding at December 31, 2012
47,690,969

 
12.96

 
48,646,460

 
12.59

 
 
 
 
 
 
 
 

(1)
Represents awards granted prior to 2012 for which employees attained retirement-eligibility or for which service criteria were satisfied during 2012.
Schedule of Stock Options and Stock Appreciation Rights Award Activity
The activity for non-qualified stock options and stock appreciation rights under LTIC Plans for the year ended December 31, 2012 is presented below:
 
Options Outstanding
 
Weighted-Average
Exercise Price
Outstanding, end of 2011
60,178,703

 
$
54.53

Granted — 2012

 

Exercised

 

Forfeited
(27,547,959
)
 
59.90

Transfers in(1)
1,200,194

 
45.57

Transfers out(1)
(443,953
)
 
48.42

Outstanding, end of 2012
33,386,985

 
49.86

Exercisable, end of 2012
33,385,945

 
49.86

 
 
 
 
(1) Transfers in and transfers out resulted from employee transfers to and from Merrill Lynch and non-Merrill Lynch subsidiaries of Bank of America.