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COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2017
Jan 3, 2017
31347_dirs_2017-01-03_a1db3d64-e5c1-4bc7-a42b-20f7f496886f.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: 2017-01-02
Reporting Person: ACE BRIAN R (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-01-02 | Common Stock | M | 3012 | — | Acquired | 49470 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-01-02 | Phantom Stock (Deferred Compensation) | $ | M | 3012 | Disposed | Common Stock (3012) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 130 | Indirect |
Footnotes
F1: On January 2, 2017, 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 163.4007 units of phantom stock acquired on October 10, 2016 under the Deferred Compensation Plan's dividend reinvestment feature.