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COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2020
Dec 2, 2020
31347_dirs_2020-12-02_77c0d394-08bd-41f3-8aca-c999f159d103.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: 2020-12-01
Reporting Person: Whipple John F. (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-12-01 | Common Stock | M | 1162.6966 | — | Acquired | 1431.6966 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-12-01 | Phantom Stock (Deferred Compensation) | $ | M | 1162.6966 | Disposed | Common Stock (1162.6966) | Direct |
Footnotes
F1: On December 1, 2020, the reporting person's phantom stock units were settled for an equal number of shares of Community Bank System, Inc. common stock.
F2: 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.
F3: Includes 245.6053 units of phantom stock acquired under the Deferred Compensation Plan's dividend reinvestment feature.