Bank of America (BAC)

Bank of America director Robert W. Scully bought 62,000 shares at an average price of $16.79 each on October 21. After the purchase, he owned 68,657 shares, up from 6,657 shares. His stake remains far less than 1% of the company's outstanding shares.
Scully, a former member of the chairman's office at Morgan Stanley, was appointed to the Bank of America board on August 21. The company requires independent directors to own a minimum of 10,000 shares by the end of their first five years of service.

Oct 27 · 11:44:00 AM · Source: Barron's
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by Michael Oliveto