COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2018

Apr 18, 2018

SEC Form 4/A — Form 4/A

Issuer: COMMUNITY BANK SYSTEM, INC. (CBU)
CIK: 0000723188
Period of Report: 2018-03-22

Reporting Person: Pecor Raymond C III (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-22	Phantom Stock (Deferred Compensation)	$	A	285.2411	Acquired		Common Stock (285.2411)	Direct

Footnotes

F1: 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.

F2: This amendment has been filed to increase the number of phantom stock units acquired on March 22, 2018. The original filing reported that 230.0331 units were received, however, the correct number is 285.2411 units.