Beacon Financial Corp — Director's Dealing 2013

Mar 5, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BERKSHIRE HILLS BANCORP INC (BHLB)
CIK: 0001108134
Period of Report: 2013-03-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-01	Common Stock	A	8853	$0.00	Acquired	85495	Direct
2013-03-01	Common Stock	F	2891	$24.20	Disposed	82604	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1963	Indirect
Common Stock	3782	Indirect
Common Stock	7463	Indirect
Common Stock	19790	Indirect

Holdings (Derivative)

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

Footnotes

F1: On January 30, 2010 the reporting person was granted 7,250 shares of restricted stock subject to a three-year cliff vesting schedule and subject to the satisfaction of certain performance criteria. The shares vested at a 122.1% of target, resulting in a vesting of 8,853 shares of restricted stock, and were transferred to the executive on March 1, 2013.

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. 2011 Equity Compensation Plan vest in three equal annual installments commencing on January 30, 2013.

F4: Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2011 Equity Compensation Plan vest in three equal annual installments commencing on January 30, 2014.

F5: Stock Options are fully vested.