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COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2018
Mar 26, 2018
31347_dirs_2018-03-26_a96b655b-26e5-4cc7-b133-1456062be7f4.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: 2018-03-22
Reporting Person: DAVIS JEFFREY L (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-03-22 | Phantom Stock (Deferred Compensation) | $ | A | 299.0431 | Acquired | Common Stock (299.0431) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom Stock (Deferred Compensation under Merchants plan) | $ | Common Stock (52585.3177) | 52585.3177 | 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: The units of phantom stock were acquired through Merchants Bancshares, Inc.'s ("Merchants") deferred compensation plan. 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 such deferred compensation plan will be settled in Community Bank System, Inc. common stock at future dates selected by the reporting person.