Beacon Financial Corp — Director's Dealing 2011

Jan 31, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BERKSHIRE HILLS BANCORP INC (BHLB)
CIK: 0001108134
Period of Report: 2011-01-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-27	Common Stock	F	6468	$22.06	Disposed	62088	Direct
2011-01-27	Common Stock	M	8519	$16.75	Acquired	70607	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-27	Stock Option (righ-to-buy)	$16.75	M	8519	Disposed	2011-01-30	Common Stock (8519)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10877	Indirect
Common Stock	3543	Indirect
Common Stock	2018	Indirect
Common Stock	3738	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, 2011.

F3: 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.

F4: 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.

F5: 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.

F6: Stock Options are fully vested and exercisable.