COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2019

Feb 5, 2019

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: COMMUNITY BANK SYSTEM, INC. (CBU)
CIK: 0000723188
Period of Report: 2018-12-31

Reporting Person: MICHAEL R KALLET (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-12-20	Common Stock	G	9335	—	Disposed	58668.7287	Direct
2018-09-10	Common Stock	W	5606	—	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8759	Indirect
Common Stock	1988	Indirect

Footnotes

F1: On November 23, 2018, the reporting person received a distribution of 69,666.8065 shares of common stock previously beneficially owned through the issuer's 401(k) Plan.

F2: Shares distributed from Trust.