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COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2016
Jan 5, 2016
31347_dirs_2016-01-05_6ecb4ee2-e437-4513-ad7f-a4c365a0db91.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: 2016-01-02
Reporting Person: ACE BRIAN R (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-01-02 | Common Stock | M | 2910.7146 | — | Acquired | 50226.0315 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-01-02 | Phantom Stock (Deferred Compensation) | $ | M | 2910.7146 | Disposed | Common Stock (2910.7146) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 0 | Indirect |
| Common Stock | 125.839 | Indirect |
Footnotes
F1: On January 2, 2016, the reporting person's phantom stock units were settled for an equal number of shares of Community Bank System, Inc. common stock.
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 211.6943, 199.4915, and 209.3552 units acquired on April 10. 2015, July 10, 2015 and October 9, 2015, respectively, pursuant to the Deferred Compensation Plan's dividend reinvestment feature.