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COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2016
Jan 19, 2016
31347_dirs_2016-01-19_9a9730a2-029e-49a8-89f9-734bcbd9b743.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: 2016-01-14
Reporting Person: DONAHUE BRIAN D (EVP & Chief Banking Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-01-14 | Common Stock | A | 3891.56 | — | Acquired | 37650.56 | Direct |
| 2016-01-14 | Common Stock | F | 1567.56 | $39.94 | Disposed | 36083 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 7075.5756 | Indirect |
Footnotes
F1: On January 14, 2016, the Compensation Committee approved the vesting of the three-year performance-based restricted stock award, granted to the reporting person in 2013, based on achievement of predetermined performance criteria at target level.
F2: Payment of tax liability associated with the vesting of the three-year performance-based restricted stock award.
F3: 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.