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COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2016
Nov 14, 2016
31347_dirs_2016-11-14_cca2b2f7-06fb-4780-a51e-e082ef8f7454.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: 2016-11-02
Reporting Person: DICERBO NICHOLAS A (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-11-02 | Common Stock | G | 60 | — | Disposed | 200544.4948 | Direct |
| 2016-11-10 | Common Stock | S | 5000 | $50.75 | Disposed | 195544.4948 | Direct |
| 2016-11-11 | Common Stock | G | 53 | — | Disposed | 195491.4948 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom Stock (Deferred Compensation) | $ | Common Stock (53272.0348) | 53272.0348 | Direct |
Footnotes
F1: Includes 909.488 and 773.3638 shares acquired on July 11, 2016 and October 10, 2016, respectively, pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
F2: 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.
F3: Includes 353.5221 units of phantom stock acquired on October 10, 2016 under the Deferred Compensation Plan's dividend reinvestment feature.