COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2021

Jun 14, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMUNITY BANK SYSTEM, INC. (CBU)
CIK: 0000723188
Period of Report: 2021-06-10

Reporting Person: Karaivanov Dimitar (EVP Financial Serv & Corp Dev)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-06-10	Common Stock	A	10826	—	Acquired	10826	Direct
2021-06-10	Common Stock	A	2700	—	Acquired	13526	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-06-10	Stock Option	$80.01	A	11714	Acquired	2031-06-10	Common Stock (11714)	Direct

Footnotes

F1: Initial grant of restricted stock that vests ratably on June 10, 2022, 2023 and 2024.

F2: Annual grant of restricted stock that vests ratably on June 10, 2022, 2023, 2024, 2025 and 2026.

F3: The option vests ratably on June 10, 2022, 2023, 2024, 2025, and 2026