COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2015

Mar 3, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMUNITY BANK SYSTEM, INC. (CBU)
CIK: 0000723188
Period of Report: 2015-03-01

Reporting Person: TRYNISKI MARK E (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-01	Common Stock	F	1015	$35.52	Disposed	79754	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14474.673	Indirect

Footnotes

F1: Payment of tax liability associated with the vesting of restricted stock awards.

F2: 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.