U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed Pursuant to Section 16(a) of the Securities
Exchange Act of 1934, Section 17(a) of the
Public Utility Holding Company act of 1935 or
Section 30(f) of the Investment Company
Act of 1940
[ ] Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue
1. Name and Address of Reporting Person: William L. Cohen
1333 Broadway, 5th Floor
New York, NY 10018
2. Issuer Name and Ticker or Trading Symbol: Berkshire Bancorp Inc. (ZAPS)
3.. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year: April 2000
5. If Amendment, Date of Original
6. Relationship of Reporting Person to Issuer:
[x ] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
-------------------------------------------
7. Individual or Joint/Group Filing (check applicable line)
[ x ] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- -------------------------------------------------------------------------------------------------------------------------
1)Title of Security 2)Transaction 3)Transaction 4) Securities Acquired(A) 5) Amount of 6) Ownership 7) Nature of
Date Code or Disposed of (D) Securities Form:Direct Indirect
--------------- -------------------------- Beneficially (D) or Beneficial
(Month/Day/ Owned at End Indirect(I) Ownership
Year) Code V Amount (A) or (D) Price of Month
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 4/4/00 X 500 (A) $15.00 1,000 D
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
- -----------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative 2)Conversion or 3)Transaction 4)Transaction 5) Number of Derivative 6) Date Exercisable
Security or Exercise Price Date Code Securities Acquired(A) and Expiration
Price of or Disposed of (D) Date
Derivative (Month/Day/
Security Year)
Date Expiration
Code V (A) (D) Exercisable Date
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Stock Options* $15.00 4/4/00 X 500 10/11/95 4/4/00
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
1)Title of Derivative 2)Conversion or 3)Transaction 7)Title & Amount 8) Price of 9) Number 10) Ownership 11) Nature of
Security Exercise Price Date of Underlying Derivative of derivative form of Indirect
of Derivative Securities Security securities Derivative Beneficial
Security (Month/Day/ Beneficially Security Ownership
Year) Owned at Direct (D)
End of or Indirect(I)
Month
Title Amount or
Number of
Shares
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Stock Options* $15.00 4/4/00 Common 1,000 500 D
Stock
- ----------------------------------------
* Grant to Reporting Person of stock options under Issuer's Stock Option Plan for non-employee directors
</TABLE>
/s/ William L. Cohen May 9, 2000
----------------------------- ------------------------
Signature of Reporting Person Date
