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COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2020
Jan 17, 2020
31347_dirs_2020-01-17_0d6db031-12fa-4d1e-a9dd-d1de2d75dc0d.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: 2020-01-15
Reporting Person: Bolus Mark J. (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-01-15 | Common Stock | M | 1550.418 | — | Acquired | 71698.303 | Direct |
| 2020-01-15 | Common Stock | M | 4892.1843 | — | Acquired | 76590.4873 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-01-15 | Phantom Stock (Deferred Stock Units) | $ | M | 1550.418 | Disposed | Common Stock (1550.418) | Direct | |
| 2020-01-15 | Phantom Stock (Deferred Compensation) | $ | M | 4892.1843 | Disposed | Common Stock (4892.1843) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 6567.46 | Indirect |
| Common Stock | 4796.537 | Indirect |
| Common Stock | 4796.537 | Indirect |
| Common Stock | 4796.537 | Indirect |
| Common Stock | 4796.537 | Indirect |
| Common Stock | 202.51 | Indirect |
| Common Stock | 202.51 | Indirect |
| Common Stock | 202.51 | Indirect |
| Common Stock | 202.51 | Indirect |
Footnotes
F1: On January 15, 2020, the reporting person's deferred stock units were settled for an equal number of shares of Community Bank System, Inc. common stock.
F2: On January 15, 2020, the reporting person's phantom stock units were settled for an equal number of shares of Community Bank System, Inc. common stock.
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 49.5575 units of phantom stock acquired as dividend equivalents under the 2014 Long-Term Incentive Compensation Program.
F5: 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.
F6: Includes 117.3117 units of phantom stock acquired under the Deferred Compensation Plan's dividend reinvestment feature.