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COMMUNITY FINANCIAL SYSTEM, INC. Director's Dealing 2016

Aug 26, 2016

31347_dirs_2016-08-26_2e145ba0-a1ce-40cd-8b8a-a65e3dd76af8.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: 2016-08-24

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-24	Common Stock	M	6567	$19.48	Acquired	31232	Direct
2016-08-24	Common Stock	F	4180	$46.03	Disposed	27052	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-24	Stock Option	$19.48	M	6567	Disposed	2020-01-20	Common Stock (6567)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4462.0613	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.