COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2012

Mar 9, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMUNITY BANK SYSTEM INC (CBU)
CIK: 0000723188
Period of Report: 2011-08-16

Reporting Person: DICERBO NICHOLAS A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-16	Common Stock	P	96	$23.18	Acquired	122455.8974	Direct
2011-08-24	Common Stock	G	300	—	Disposed	122155.8974	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	115534.9016	Indirect
Common Stock	840.701	Indirect