SEC Form 4 · accession 0001140361-15-008844
Beacon Financial Corp · BBT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael P Daly
Officer — President and CEO · Director
Period of report
Feb 23, 2015
Accepted (ET)
Feb 25, 2015 · 12:07 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 StockF4 | Feb 23, 2015 | A | 2,838 | $0.00 | A | 97,499 | D | |
| Common Stock | Feb 23, 2015 | F | 923 | $26.24 | D | 96,576 | D | |
| Common Stock | holding | — | — | — | 1,025 | I | Joint with Mother | |
| Common StockF1 | holding | — | — | — | 2,487 | I | By Stock Award XII | |
| Common StockF2 | holding | — | — | — | 6,300 | I | By Stock Award XIII | |
| Common StockF3 | holding | — | — | — | 13,655 | I | By Stock Award XIX | |
| Common StockF5 | holding | — | — | — | 31,892 | 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, 2016.
- F4On January 30, 2012 the reporting person was granted 5,675 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 2,838 shares of restricted stock, and were transferred to the executive on February 23, 2015.
- F5Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.