Beacon Financial Corp — Director's Dealing 2020

Feb 21, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BERKSHIRE HILLS BANCORP INC (BHLB)
CIK: 0001108134
Period of Report: 2020-02-20

Reporting Person: Bacigalupo George F. (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-20	Common Stock	A	1135	$0.00	Acquired	29705	Direct
2020-02-20	Common Stock	F	334	$27.48	Disposed	29371	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10893	Indirect
Common Stock	354	Indirect
Common Stock	2150	Indirect
Common Stock	538	Indirect

Footnotes

F1: Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2013 Equity Compensation Plan vest 40% in four equal annual installments beginning on October 1, 2016 with the remaining 60% vesting on October 1, 2020.

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, 2019.

F3: Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2018 Equity Compensation Plan vest in three equal annual installments beginning on January 30, 2020.

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, 2017 the reporting person was granted 1,688 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 67.24% of target, resulting in the vesting of 1,135 shares of restricted stock, and were transferred to the executive on February 20, 2020.