SEC Form 4 · accession 0001567619-19-005253
Beacon Financial Corp · BBT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George F. Bacigalupo
Officer — Executive Vice President
Period of report
Feb 21, 2019
Accepted (ET)
Feb 22, 2019 · 4:20 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 StockF6 | Feb 21, 2019 | A | 2,863 | $0.00 | A | 25,630 | D | |
| Common Stock | Feb 21, 2019 | F | 842 | $30.75 | D | 24,788 | D | |
| Common StockF1 | holding | — | — | — | 12,708 | I | By Stock Award VI | |
| Common StockF2 | holding | — | — | — | 562 | I | By Stock Award VIII | |
| Common StockF3 | holding | — | — | — | 708 | I | By Stock Award IX | |
| Common StockF4 | holding | — | — | — | 3,225 | I | By Stock Award X | |
| Common StockF5 | holding | — | — | — | 411 | 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. 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.
- F2Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2013 Equity Compensation Plan vest in three annual installments beginning on January 30, 2018.
- F3Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2013 Equity Compensation Plan vest in three annual installments beginning on January 30, 2019.
- F4Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2013 Equity Compensation Plan vest in three equal annual installments beginning on January 30, 2020.
- F5Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
- F6On January 30, 2016 the reporting person was granted 3,150 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 90.86% of target, resulting in the vesting of 2,863 shares of restricted stock, and were transferred to the executive on February 21, 2019.