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COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2016
Mar 17, 2016
31347_dirs_2016-03-17_6c61da81-3a20-49f9-85f4-a4151febcb8a.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: 2016-03-16
Reporting Person: DICERBO NICHOLAS A (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-03-16 | Stock Option | $38.02 | A | 4246 | Acquired | 2026-03-16 | Common Stock (4246) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 197684.5244 | Direct |
| Common Stock | 962.37 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom Stock (Deferred Compensation) | $ | Common Stock (52084.8831) | 52084.8831 | Direct |
Footnotes
F1: Includes 966.682 shares acquired on January 11, 2016 under the Community Bank System, Inc. Dividend Reinvestment Plan.
F2: Includes 7.613 shares acquired on January 11, 2016 under the Community Bank System, Inc. Dividend Reinvestment Plan.
F3: 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.
F4: Includes 431.5248, 399.8218, 419.5912 and 431.8371 units of phantom stock acquired on April 10, 2015, July 10, 2015, October 9, 2015 and January 11, 2016, respectively, under the Deferred Compensation Plan's dividend reinvestment feature.