Bank of America Corporation - Director/PDMR Shareholding

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of the person discharging managerial responsibilities / person closely associated
(a)	Name	Monica Lozano
2.	Reason for the notification
(a)	Position/status	Director
(b)	Initial notification/ Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Bank of America Corporation
(b)	LEI	9DJT3UXIJIZJI4WXO774
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
(a)	Description of the financial instrument, type of instrument	Phantom shares (derivative security linked to the issuer’s common stock)
	Identification code	N/A (No ISIN Code)
(b)	Nature of the transaction	Payment of annual directors’ fee
(c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			USD 23.89	8,371.70

(d)	Aggregated information - Aggregated volume - Price	N/A
(e)	Date of the transaction	2017-04-26
(f)	Place of the transaction	Outside a trading venue