COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2011

Sep 14, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMUNITY BANK SYSTEM INC (CBU)
CIK: 0000723188
Period of Report: 2011-09-12

Reporting Person: DICERBO NICHOLAS A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-12	Common Stock	P	900	$22.31	Acquired	119222.2154	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	113606.1746	Indirect
Common Stock	823.521	Indirect