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

Mar 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMUNITY BANK SYSTEM, INC. (CBU)
CIK: 0000723188
Period of Report: 2017-03-01

Reporting Person: DONAHUE BRIAN D (EVP & Chief Banking Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-01	Common Stock	F	699	$59.41	Disposed	36979	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7651.8802	Indirect

Footnotes

F1: Payment of tax liability associated with vesting of restricted stock awards.