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Filing Details

Accession Number:: 0000921895-24-000172
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-01-31 20:01:49
Reporting Period:: 2024-01-29

Accepted Time:: 2024-01-31 20:01:49
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1108134	Berkshire Hills Bancorp Inc	BHLB	Savings Institutions, Not Federally Chartered (6036)	043510455

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1861474	Michael Zaitzeff	C/O Holdco Asset Management, Lp 515 E. Las Olas Blvd., Suite 1010 Fort Laurderdale FL 33301		Yes	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2024-01-29	2,756	$24.99	0	No	4	S	Indirect	HOF III Fund
Common Stock	Disposition	2024-01-29	49,154	$25.19	349,785	No	4	S	Indirect	VM GP VII
Common Stock	Disposition	2024-01-30	41,274	$25.08	308,511	No	4	S	Indirect	VM GP VII
Common Stock	Acquisiton	2024-01-30	2,595	$0.00	2,595	No	4	A	Indirect	By Stock Award IV
Common Stock	Disposition	2024-01-31	20,028	$24.73	288,483	No	4	S	Indirect	VM GP VII

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	HOF III Fund
No	4	S	Indirect	VM GP VII
No	4	S	Indirect	VM GP VII
No	4	A	Indirect	By Stock Award IV
No	4	S	Indirect	VM GP VII

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	0	Indirect	By Stock Award III
Common Stock	0	Indirect	By Stock Award I
Common Stock	2,665	Direct

Footnotes

Securities of the Issuer beneficially owned directly by HOF III Liquidating Partnership L.P. ("HOF III Fund"). VM GP VII LLC ("VM GP VII"), as the general partner of HOF III Fund, may be deemed the beneficial owner of the securities of the Issuer beneficially owned by HOF III Fund. HoldCo Asset Management, LP ("HoldCo Asset Management"), as the investment manager of HOF III Fund, may be deemed the beneficial owner of the securities of the Issuer beneficially owned by HOF III Fund. VM GP II LLC ("VM GP II"), as the general partner of HoldCo Asset Management, may be deemed the beneficial owner of the securities of the Issuer beneficially owned by HOF III Fund. The Reporting Person, as a managing member of each of VM GP II and VM GP VII, may be deemed the beneficial owner of the securities of the Issuer beneficially owned by HOF III Fund.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.0950 to $25.2527. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Securities of the Issuer beneficially owned directly by VM GP VII. The Reporting Person, as a managing member of VM GP VII, may be deemed the beneficial owner of the securities of the Issuer beneficially owned by VM GP VII.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.0500 to $25.2461. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2018 Equity Compensation Plan vest 100% on January 30, 2025.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.2600 to $24.7377. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Since the Reporting Person's last report, 2,141 shares previously held through Stock Award III and 524 shares previously held through Stock Award I have vested and are owned directly.
The Reporting Person disclaims beneficial ownership of the securities of the Issuer reported herein except to the extent of his pecuniary interest therein, and this report shall not be deemed to be an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.