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COMMUNITY FINANCIAL SYSTEM, INC. Director's Dealing 2015

Mar 19, 2015

31347_dirs_2015-03-19_8adf2cc8-15a2-4630-9ad8-50bb0fdd9cb1.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: 2015-03-18

Reporting Person: Getman George J (Executive VP & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-18	Common Stock	A	2192	—	Acquired	20524	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-03-18	Stock Option	$35.36	A	10151	Acquired	2025-03-18	Common Stock (10151)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3594.8649	Indirect
Common Stock	895	Indirect

Footnotes

F1: The number of shares reported herein were acquired pursuant to Community Bank System, Inc.'s 401(K) Plan and are based on a current plan statement.

F2: The option vests ratably on March 18, 2016, 2017, 2018, 2019, and 2020.