Bank of America Corporation Annual report pursuant to Section 13 and 15(d)

Employee Incentive Plans (Tables)

12 Months Ended

Dec. 31, 2012

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.

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.

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.