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COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2019
Mar 22, 2019
31347_dirs_2019-03-22_d94bfc90-9dfc-4ac5-9196-2a0d196d3393.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: 2019-03-20
Reporting Person: Pecor Raymond C III (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-03-20 | Phantom Stock (Deferred Stock Units) | $ | A | 288 | Acquired | Common Stock (288) | Direct | |
| 2019-03-20 | Stock Option | $59.41 | A | 1194 | Acquired | 2029-03-20 | Common Stock (1194) | Direct |
| 2019-03-21 | Phantom Stock (Deferred Compensation) | $ | A | 260.8988 | Acquired | Common Stock (260.8988) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom Stock (Deferred Compensation under Merchants plan) | $ | Common Stock (8200.3677) | 8200.3677 | Direct |
Footnotes
F1: 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.
F2: Includes 12.0014 units of phantom stock acquired as dividend equivalents under the 2014 Long-Term Incentive Compensation Program.
F3: 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.
F4: Includes 9.8655 units of phantom stock acquired on January 10, 2019 under the Deferred Compensation Plan's dividend reinvestment feature.
F5: 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.
F6: Includes 99.6052 units of phantom stock acquired under the Merchants' deferred compensation plan's dividend reinvestment feature