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COMMUNITY FINANCIAL SYSTEM, INC. Director's Dealing 2018

May 31, 2018

31347_dirs_2018-05-31_e17a288e-afce-473a-b34d-c1c1b3c81354.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: COMMUNITY BANK SYSTEM, INC. (CBU)
CIK: 0000723188
Period of Report: 2018-05-21

Reporting Person: SUTARIS JOSEPH E (EVP & Chief Financial Officer)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 2774 Direct
Common Stock 1013.7966 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option $29.79 2023-03-19 Common Stock (3026) Direct
Stock Option $35.36 2025-03-18 Common Stock (2388) Direct
Stock Option $37.77 2024-03-19 Common Stock (2296) Direct
Stock Option $38.02 2026-03-16 Common Stock (2576) Direct
Stock Option $55.92 2028-03-20 Common Stock (1559) Direct
Stock Option $57.12 2027-03-15 Common Stock (1503) Direct

Footnotes

F1: The number of shares reported herein acquired pursuant to Community Bank System, Inc.'s 401(k) Plan and are based on a current plan statement.

F2: The option vested ratably on March 19, 2014, 2015, 2016, 2017 and 2018.

F3: The option vests ratably on March 18, 2016, 2017, 2018, 2019 and 2020.

F4: The option vests ratably on March 19, 2015, 2016, 2017, 2018 and 2019.

F5: The option vests ratably on March 16, 2017, 2018, 2019, 2020 and 2021.

F6: The option vests ratably on March 20, 2019, 2020, 2021, 2022 and 2023.

F7: The option vests ratably on March 15, 2018, 2019, 2020, 2021 and 2022.