SEC Form 4 · accession 0001140361-15-008843
Beacon Financial Corp · BBT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard M Marotta
Officer — EVP and Chief Risk Officer
Period of report
Feb 23, 2015
Accepted (ET)
Feb 25, 2015 · 12:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001108134
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF5 | Feb 23, 2015 | A | 1,474 | $0.00 | A | 23,744 | D | |
| Common Stock | Feb 23, 2015 | F | 480 | $26.24 | D | 23,264 | D | |
| Common StockF1 | holding | — | — | — | 1,209 | I | By Stock Award V | |
| Common StockF2 | holding | — | — | — | 2,666 | I | By Stock Award VI | |
| Common StockF3 | holding | — | — | — | 6,666 | I | By Stock Award VII | |
| Common StockF4 | holding | — | — | — | 6,024 | I | By Stock Award VIII | |
| Common StockF6 | holding | — | — | — | 73 | I | By 401(k) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2011 Equity Compensation Plan vest in three equal annual installments commencing on January 30, 2014.
- F2Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2011 Equity Compensation Plan vest in three equal annual installments commencing on January 30, 2015.
- F3Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2013 Equity Compensation Plan vest in three equal annual installments commencing on January 30, 2015.
- F4Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2013 Equity Compensation Plan vest in three equal annual installments commencing on January 30, 2016.
- F5On January 30, 2012 the reporting person was granted 2,947 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 50% of target, resulting in the vesting of 1,474 shares of restricted stock, and were transferred to the executive on February 23, 2015.
- F6Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.