Beacon Financial Corp — Director's Dealing 2011

Feb 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BERKSHIRE HILLS BANCORP INC (BHLB)
CIK: 0001108134
Period of Report: 2011-01-30

Reporting Person: DALY MICHAEL P (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-30	Common Stock	F	3542	$21.22	Disposed	78219	Direct
2011-01-30	Common Stock	A	5891	$0.00	Acquired	5891	Indirect
2011-02-01	Common Stock	S	7600	$21.245	Disposed	70619	Direct
2011-02-01	Common Stock	S	12	$21.22	Disposed	70607	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7251	Indirect
Common Stock	1771	Indirect
Common Stock	0	Indirect
Common Stock	0	Indirect
Common Stock	19790	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right-to-buy)	$22.30	2013-01-30	Common Stock (41481)	41481	Direct
Stock Option (right-to-buy)	$37.80	2014-01-30	Common Stock (6000)	6000	Direct

Footnotes

F1: This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).

F2: Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2003 Equity Compensation Plan vest in three equal annual installments commencing on January 30, 2012.

F3: Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2003 Equity Compensation Plan vest in three equal annual installments commencing on January 30, 2011.

F4: Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2003 Equity Compensation Plan vest in four equal annual installments beginning on January 30, 2008.

F5: Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2003 Equity Compensation Plan vest in three equal annual installments commencing on January 30, 2009.

F6: Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2008 Equity Compensation Plan vest in three equal annual installments commencing on January 30, 2010.

F7: Stock Options are fully vested and exercisable.

F8: Since the reporting person's last report, 2,018 shares previously held through Stock Award VI, 3,738 shares previously held through Stock Award VII, 1,772 shares previously held through Stock Award VIII, and 3,626 shares previously held through Stock Award IX have vested and are now owned directly.