0000921895-24-000172.txt : 20240131
0000921895-24-000172.hdr.sgml : 20240131
20240131200149
ACCESSION NUMBER: 0000921895-24-000172
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240129
FILED AS OF DATE: 20240131
DATE AS OF CHANGE: 20240131
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Zaitzeff Michael
CENTRAL INDEX KEY: 0001861474
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-15781
FILM NUMBER: 24584625
MAIL ADDRESS:
STREET 1: C/O HOLDCO ASSET MANAGEMENT, LP
STREET 2: 441 LEXINGTON AVENUE, 15TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: BERKSHIRE HILLS BANCORP INC
CENTRAL INDEX KEY: 0001108134
STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036]
ORGANIZATION NAME: 02 Finance
IRS NUMBER: 043510455
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 60 STATE STREET
STREET 2: 38TH FLOOR
CITY: BOSTON
STATE: MA
ZIP: 02109
BUSINESS PHONE: 617-641-9206
MAIL ADDRESS:
STREET 1: 60 STATE STREET
STREET 2: 38TH FLOOR
CITY: BOSTON
STATE: MA
ZIP: 02109
4
1
form412910003_01312024.xml
OWNERSHIP DOCUMENT
X0508
4
2024-01-29
0
0001108134
BERKSHIRE HILLS BANCORP INC
BHLB
0001861474
Zaitzeff Michael
C/O HOLDCO ASSET MANAGEMENT, LP
515 E. LAS OLAS BLVD., SUITE 1010
FORT LAURDERDALE
FL
33301
1
0
0
0
0
Common Stock
2024-01-29
4
S
0
2756
24.9916
D
0
I
HOF III Fund
Common Stock
2024-01-29
4
S
0
49154
25.1929
D
349785
I
VM GP VII
Common Stock
2024-01-30
4
S
0
41274
25.0780
D
308511
I
VM GP VII
Common Stock
2024-01-30
4
A
0
2595
0.00
A
2595
I
By Stock Award IV
Common Stock
2024-01-31
4
S
0
20028
24.7338
D
288483
I
VM GP VII
Common Stock
0
I
By Stock Award III
Common Stock
0
I
By Stock Award I
Common Stock
2665
D
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.
/s/ Michael Zaitzeff
2024-01-31