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: OLEKSAK MICHAEL J (VP of Commercial Banking)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-30	Common Stock	F	1313	$21.22	Disposed	9729	Direct
2011-01-30	Common Stock	A	2356	—	Acquired	2356	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3626	Indirect
Common Stock	530	Indirect
Common Stock	592	Indirect
Common Stock	0	Indirect

Footnotes

F1: Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2001 Stock-Based Incentive Plan vest in five equal annual installments commencing on January 30, 2008.

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, 2009.

F3: 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.

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, 2011.

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, 2012.

F6: Since the reporting person's last report, 594 shares previously held through Stock Award II, 1,196 shares previously held through Stock Award III, 532 shares previously held through Stock Award IV, and 1,812 shares previously held through Stock Award VI have vested and are now owned directly.