SEC Form 4 · accession 0001140361-18-014823
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
Mar 22, 2018
Accepted (ET)
Mar 23, 2018 · 5:04 pm EDT
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 | Mar 22, 2018 | A | 14,899 | $0.00 | A | 113,834 | D | |
| Common Stock | Mar 22, 2018 | F | 6,623 | $38.15 | D | 107,211 | D | |
| Common StockF1 | holding | — | — | — | 3,899 | I | By Stock Award XV | |
| Common StockF2 | holding | — | — | — | 5,513 | I | By Stock Award XVI | |
| Common StockF3 | holding | — | — | — | 9,628 | I | By Stock Award XVII | |
| Common StockF4 | holding | — | — | — | 34,708 | I | By 401(k) | |
| Common Stock | holding | — | — | — | 1,025 | I | Joint with Mother |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2013 Equity Compensation Plan vest in three equal annual installments beginning on January 30, 2017.
- F2Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2013 Equity Compensation Plan vest in three equal annual installments beginning on January 30, 2018.
- F3Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2013 Equity Compensation Plan vest in three equal annual installments beginning on January 30, 2019.
- F4Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
- F5On 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.