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.