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COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2019
Dec 23, 2019
31347_dirs_2019-12-23_c0726bff-1c75-4541-aba6-84ddd8250979.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: 2019-12-19
Reporting Person: Pecor Raymond C III (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-12-19 | Phantom Stock (Deferred Compensation) | $ | A | 255.2467 | Acquired | Common Stock (255.2467) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom Stock (Deferred Stock Units) | $ | Common Stock (924.7131) | 924.7131 | 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: Includes 6.5481, 9.4664, and 10.6880 units of phantom stock acquired on April 10, July 10, and October 10, 2019, respectively under the Deferred Compensation Plan's dividend reinvestment feature.
F3: The reporting person has received deferred stock units under the Community Bank System, Inc. 2014 Long-Term Incentive Plan. Each phantom stock unit which represents a deferred stock unit is the economic equivalent of one share of Community Bank System, Inc. common stock and will be settled in common stock at a predetermined date.
F4: Includes 3.7781, 3.7781, and 6.1555 units of phantom stock acquired on April 10, July 10, and October 10, 2019, respectively as dividend equivalents under the 2014 Long-Term Incentive Compensation Program.