Beacon Financial Corp — Director's Dealing 2017

Feb 21, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BERKSHIRE HILLS BANCORP INC (BHLB)
CIK: 0001108134
Period of Report: 2017-02-16

Reporting Person: Gray Sean (SVP - Retail Banking)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-16	Common Stock	A	3832	$0.00	Acquired	37285	Direct
2017-02-16	Common Stock	F	1244	$35.45	Disposed	36041	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1673	Indirect
Common Stock	3000	Indirect
Common Stock	3516	Indirect
Common Stock	1835	Indirect

Footnotes

F1: Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2013 Equity Compensation Plan vest in three equal annual installments commencing on January 30, 2016.

F2: Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2013 Equity Compensation Plan vest in three equal annual installments commencing on January 30, 2017.

F3: Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2013 Equity Compensation Plan vest in three equal annual installments commencing on January 30, 2018.

F4: Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.

F5: On January 30, 2014 the reporting person was granted 4,000 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 95.8% of target, resulting in the vesting of 3,832 shares of restricted stock, and were transferred to the executive on February 16, 2017.