COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2014

Mar 21, 2014

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: COMMUNITY BANK SYSTEM, INC. (CBU)
CIK: 0000723188
Period of Report: 2013-12-31

Reporting Person: Bolus Mark J. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-19	Common Stock	G	4195.141	—	Acquired	4195.141	Indirect
2012-12-19	Common Stock	G	4195.141	—	Acquired	4195.141	Indirect
2012-12-19	Common Stock	G	4195.141	—	Acquired	4195.141	Indirect
2012-12-19	Common Stock	G	4195.141	—	Acquired	4195.141	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	58878.5186	Direct
Common Stock	175.3056	Indirect
Common Stock	175.3056	Indirect
Common Stock	5703.654	Indirect
Common Stock	175.3056	Indirect
Common Stock	175.3056	Indirect

Footnotes

F1: The reporting person is the trustee of this trust, established for the benefit of his child.