COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2016

Mar 17, 2016

SEC Form 4/A — Form 4/A

Issuer: COMMUNITY BANK SYSTEM, INC. (CBU)
CIK: 0000723188
Period of Report: 2016-01-01

Reporting Person: STEELE SALLY A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-01	Common Stock	M	2794.8421	—	Acquired	44048.8421	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-01-01	Phantom Stock (Deferred Compensation)	$	M	2794.8421	Disposed		Common Stock (2794.8421)	Direct

Footnotes

F1: This amendment is filed to correct the number of phantom stock units distributed from the reporting person's deferred compensation plan on January 1, 2016.

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.