Beacon Financial Corp — Director's Dealing 2018

Mar 23, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BERKSHIRE HILLS BANCORP INC (BHLB)
CIK: 0001108134
Period of Report: 2018-03-22

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-22	Common Stock	A	14899	$0.00	Acquired	113834	Direct
2018-03-22	Common Stock	F	6623	$38.15	Disposed	107211	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3899	Indirect
Common Stock	5513	Indirect
Common Stock	9628	Indirect
Common Stock	34708	Indirect
Common Stock	1025	Indirect

Footnotes

F1: Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2013 Equity Compensation Plan vest in three equal annual installments beginning on January 30, 2017.

F2: Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2013 Equity Compensation Plan vest in three equal annual installments beginning on January 30, 2018.

F3: Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2013 Equity Compensation Plan vest in three equal annual installments beginning on January 30, 2019.

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, 2015 the reporting person was granted 13,655 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 109.11% of target, resulting in the vesting of 14,899 shares of restricted stock, and were transferred to the executive on March 22, 2018.