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COMMUNITY FINANCIAL SYSTEM, INC. Director's Dealing 2018

May 9, 2018

31347_dirs_2018-05-09_8fd5134e-e40b-4740-a300-c0cd06c86e88.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: 2018-05-08

Reporting Person: Kingsley Scott Allen (Chief Financial Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2018-05-08 Common Stock M 1236 $19.48 Acquired 40919 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2018-05-08 Stock Option $19.48 M 1236 Disposed 2020-01-20 Common Stock (1236) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 5513.434 Indirect

Footnotes

F1: The option vested ratably on January 20, 2011, 2012, 2013, 2014 and 2015.