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COMMUNITY FINANCIAL SYSTEM, INC. Director's Dealing 2015

Mar 18, 2015

31347_dirs_2015-03-18_61a21f4b-2d81-404e-b869-5a0b8a8d4d9f.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: 2015-03-16

Reporting Person: DICERBO NICHOLAS A (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2015-03-16 Common Stock J 53920.707 Disposed 54620.9996 Indirect
2015-03-16 Common Stock J 53920.707 Acquired 198408.1174 Direct
2015-03-16 Common Stock J 53836 Disposed 784.9996 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 931.463 Indirect

Footnotes

F1: The reporting person's law firm, DiCerbo and Palumbo, distributed 53,920.707 shares to the reporting person and 53,836 shares to Mr. Palumbo.

F2: Includes 885.919 shares acquired on January 9, 2015 pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.

F3: Includes 8.58 and 607.004 shares acquired on October 10, 2014 and January 9, 2015, respectively, pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.

F4: Includes 7.637 and 8.29 shares acquired on October 10, 2014 and January 9, 2015, respectively, pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.