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COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2011
Jul 27, 2011
31347_dirs_2011-07-27_b64e7b42-0c7e-4c1a-8d87-f62c6fff2675.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: COMMUNITY BANK SYSTEM INC (CBU)
CIK: 0000723188
Period of Report: 2011-07-25
Reporting Person: DICERBO NICHOLAS A (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-07-25 | Phantom Stock (Deferred Compensation) | $ | A | 141.3 | Acquired | Common Stock (141.3) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 118322.2154 | Direct |
| Common Stock | 112639.1746 | Indirect |
| Common Stock | 823.521 | Indirect |
Footnotes
F1: Includes 907.788 shares acquired on July 11, 2011 under the Community Bank System, Inc. Dividend Reinvestment Plan.
F2: Includes 910.105 shares acquired on July 11, 2011 under the Community Bank System, Inc. Dividend Reinvestment Plan
F3: Includes 7.798 shares acquired on July 11, 2011 under the Community Bank System, Inc. Dividend Reinvestment Plan
F4: Each unit of phantom stock is the economic equivalent of one share of Community Bank System, Inc. common stock. The units of phantom stock relating to the Deferred Compensation Plan will be settled in Community Bank System, Inc. common stock at future dates selected by the reporting person.
F5: Includes 481.8668 units of phantom stock acquired on July 11, 2011 under the Deferred Compensation Plan's dividend reinvestment feature.