David Coulter, chairman and chief executive officer of BankAmerica Corp., received $5.2 million in total compensation last year, a 48% raise, according to proxy documents filed Monday with the Securities and Exchange Commission.

Mr. Coulter's salary for his second full year at the bank climbed 25%, to $987,500, and his bonus was $4.3 million, a 55% increase over 1996.

Last year, Mr. Coulter received options for 1.9 million shares valued at $15.6 million. He realized $1.4 million in 1997 when he exercised 20,000 options.

H. Eugene Lockhart, president of BankAmerica's global retail bank, earned a 1997 salary of $560,227. Mr. Lockhart garnered a $1.8 million bonus, most of which was awarded for leaving his post as president of MasterCard International in May to join the bank.

Among other compensation, Mr. Lockhart received $897,877 in moving expenses from Greenwich, Conn.

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