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COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2011
Oct 26, 2011
31347_dirs_2011-10-26_8ce0c726-5285-4341-b23c-b01706570e37.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: 2011-10-24
Reporting Person: Bolus Mark J. (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-10-24 | Phantom Stock (Deferred Compensation) | $ | A | 172.0183 | Acquired | Common Stock (172.0183) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 50205.0286 | Direct |
| Common Stock | 5305.711 | Indirect |
| Common Stock | 162.8806 | Indirect |
| Common Stock | 162.8806 | Indirect |
| Common Stock | 162.8806 | Indirect |
| Common Stock | 162.8806 | Indirect |
Footnotes
F1: Includes 538.009 shares acquired on October 7, 2011 pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
F2: Includes 56.44 shares acquired on October 7, 2011 pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
F3: Includes 1.7938 shares acquired on October 7, 2011 pursuant to 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 12.7529 units of phantom stock acquired on October 7, 2011 under the Deferred Compensation Plan's dividend reinvestment feature.