Form Type: 4

SEC EDGAR Link
Acccession Number:0001209191-19-053219
Date:2019-10-10
Issuer: BANK OF AMERICA CORP /DE/ (BAC)
Original Submission Date:

Reporting Person:

BERKSHIRE HATHAWAY INC
3555 FARNAM STREET
OMAHA, NE 68131

Reporting Person:

BUFFETT WARREN E
3555 FARNAM STREET
OMAHA, NE 68131

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2019-10-10 J 2,240,000 d $0.00 947,760,000 indirect f1,f2,f3,f4,f5
SERIES T 6% NON-CUMULATIVE PERPETUAL PREFERRED STOCK 0 $0.00 354 indirect f7
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 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.
f2 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),
f3 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),
f4 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.
f5 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.
f6 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).
f7 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.

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