COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2017

Sep 20, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMUNITY BANK SYSTEM, INC. (CBU)
CIK: 0000723188
Period of Report: 2017-09-20

Reporting Person: MICHAEL R KALLET (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-09-20	Common Stock	S	5000	$53.00	Disposed	11603	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	66802.639	Indirect
Common Stock	5606	Indirect
Common Stock	8759	Indirect
Common Stock	1988	Indirect