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COMMUNITY FINANCIAL SYSTEM, INC. Director's Dealing 2011

Jan 21, 2011

31347_dirs_2011-01-21_eb0fa958-86fb-489a-a517-47eea0be14e1.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: 2011-01-19

Reporting Person: Gibson James W Jr (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-01-19 Stock Option $27.36 A 3850 Acquired 2021-01-19 Common Stock (3850) Direct