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COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2015
Mar 19, 2015
31347_dirs_2015-03-19_67f5c4e4-064f-47a8-bcbd-c6b6dae201ab.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: Whipple John F. (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-03-18 | Stock Option | $35.36 | A | 3937 | Acquired | 2025-03-18 | Common Stock (3937) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom Stock (Deferred Compensation) | $ | Common Stock (10197.4595) | 10197.4595 | Direct |
Footnotes
F1: 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.
F2: Includes 73.3223, 77.6787, 89.4674, and 84.6732 units of phantom stock acquired on April 10, 2014, July 10, 2014, October 10, 2014, and January 9, 2015, respectively, under the Deferred Compensation Plan's dividend reinvestment feature.