Beacon Financial Corp — Director's Dealing 2012

Feb 1, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BERKSHIRE HILLS BANCORP INC (BHLB)
CIK: 0001108134
Period of Report: 2012-01-30

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-30	Common Stock	F	2338	$22.91	Disposed	75630	Direct
2012-01-30	Common Stock	A	5674	$0.00	Acquired	5674	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	0	Indirect
Common Stock	3625	Indirect
Common Stock	3927	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. 2008 Equity Compensation Plan vest in three equal annual installments commencing on January 30, 2010.

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 three equal annual installments commencing on January 30, 2012.

F5: Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2011 Equity Compensation Plan vest in three equal annual installments commencing on January 30, 2013.

F6: Since the reporting person's last report, 1,771 shares previously held through Stock Award VIII, ,3,626 shares previously held through Stock Award IX and 1,964 shares previously held through Stock Award X have vested and are now owned directly.

F7: Stock Options are fully vested and exercisable.