Beacon Financial Corp — Director's Dealing 2020

Feb 12, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BERKSHIRE HILLS BANCORP INC (BHLB)
CIK: 0001108134
Period of Report: 2020-01-31

Reporting Person: Massad Pamela (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-31	Common Stock	W	1000000	$0.00	Disposed	3278744	Indirect
2020-01-31	Common Stock	W	1000000	$0.00	Acquired	1078369	Direct
2020-02-10	Common Stock	W	2000000	$0.00	Disposed	1278744	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	310	Indirect
Common Stock	1075	Indirect
Common Stock	1719	Indirect
Series B Non-Voting Preferred Stock	260907	Indirect

Footnotes

F1: Shares were distributed to the other beneficiaries of the Estate of David G. Massad, Sr.

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. 2013 Equity Compensation Plan vest in three equal annual installments beginning on January 30, 2020.

F4: Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2018 Equity Compensation Plan vest in three equal annual installments beginning on January 30, 2021.

F5: The Series B Non-Voting Preferred Stock may only be converted into Common Stock or disposed of by the Reporting Person under certain limited circumstances set forth in the Amended and Restated Shareholder Agreement attached to the Reporting Person's Schedule 13-D/A filed on January 22, 2020, and does not carry any voting rights.