0000921895-22-001718.txt : 20220518
0000921895-22-001718.hdr.sgml : 20220518
20220518134007
ACCESSION NUMBER: 0000921895-22-001718
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220516
FILED AS OF DATE: 20220518
DATE AS OF CHANGE: 20220518
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Zaitzeff Michael
CENTRAL INDEX KEY: 0001861474
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-15781
FILM NUMBER: 22938068
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]
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_05182022.xml
OWNERSHIP DOCUMENT
X0306
4
2022-05-16
0
0001108134
BERKSHIRE HILLS BANCORP INC
BHLB
0001861474
Zaitzeff Michael
C/O HOLDCO ASSET MANAGEMENT, LP
300 SE 2ND STREET, SUITE 600
FORT LAURDERDALE
FL
33301
1
0
0
0
Common Stock
2248
I
By Stock Award II
Common Stock
1048
I
By Stock Award I
Common Stock
398923
I
VM GP VII
Common Stock
2022-05-16
4
S
0
1274279
24.70
D
0
I
HOF III Fund
Securities of the Issuer beneficially owned directly by HoldCo Opportunities Fund III, L.P. ("HoldCo Fund"). VM GP VII LLC ("VM GP VII"), as the general partner of HoldCo Fund, may be deemed the beneficial owner of the securities of the Issuer beneficially owned by HoldCo Fund. HoldCo Asset Management, LP ("HoldCo Asset Management"), as the investment manager of HoldCo Fund, may be deemed the beneficial owner of the securities of the Issuer beneficially owned by HoldCo 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 HoldCo 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 HoldCo Fund.
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.
Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2018 Equity Compensation Plan vest in three equal annual installments beginning on January 30, 2022. HOF III Liquidating Partnership L.P. ("HOF III Fund") and VM GP VII will each receive its proportionate share of the economic benefits, if any, of this Stock Award.
Stock Awards granted pursuant to the Berkshire Hills Bancorp, Inc. 2018 Equity Compensation Plan vest 100% on January 30, 2023. HOF III Fund and VM GP VII will each receive its proportionate share of the economic benefits, if any, of this Stock Award.
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.
/s/ Michael Zaitzeff
2022-05-18