4//SEC Filing
Zaitzeff Michael 4
Accession 0000921895-24-000172
CIK 0001108134other
Filed
Jan 30, 7:00 PM ET
Accepted
Jan 31, 8:01 PM ET
Size
17.3 KB
Accession
0000921895-24-000172
Insider Transaction Report
Form 4
Zaitzeff Michael
Director
Transactions
- Sale
Common Stock
2024-01-29$24.99/sh−2,756$68,877→ 0 total(indirect: HOF III Fund) - Sale
Common Stock
2024-01-29$25.19/sh−49,154$1,238,332→ 349,785 total(indirect: VM GP VII) - Award
Common Stock
2024-01-30+2,595→ 2,595 total(indirect: By Stock Award IV) - Sale
Common Stock
2024-01-30$25.08/sh−41,274$1,035,069→ 308,511 total(indirect: VM GP VII) - Sale
Common Stock
2024-01-31$24.73/sh−20,028$495,369→ 288,483 total(indirect: VM GP VII)
Holdings
- 0(indirect: By Stock Award III)
Common Stock
- 0(indirect: By Stock Award I)
Common Stock
- 2,665
Common Stock
Footnotes (8)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2018 Equity Compensation Plan vest 100% on January 30, 2025.
- [F6]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.
- [F7]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.
- [F8]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.
Documents
Issuer
BERKSHIRE HILLS BANCORP INC
CIK 0001108134
Entity typeother
Related Parties
1- filerCIK 0001861474
Filing Metadata
- Form type
- 4
- Filed
- Jan 30, 7:00 PM ET
- Accepted
- Jan 31, 8:01 PM ET
- Size
- 17.3 KB