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COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2012
Aug 31, 2012
31347_dirs_2012-08-31_a4f24ac3-dc58-4c87-b87c-ac7f53d9ef43.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: 2012-08-30
Reporting Person: DICERBO NICHOLAS A (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-08-30 | Phantom Stock (Deferred Compensation) | $ | A | 88.7469 | Acquired | Common Stock (88.7469) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 126921.5074 | Direct |
| Common Stock | 117785.0516 | Indirect |
| Common Stock | 856.391 | Indirect |
Footnotes
F1: Includes 776.586 shares acquired on July 10, 2012 pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
F2: Includes 8.081 shares acquired on July 10, 2012 pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
F3: 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.