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COMMUNITY FINANCIAL SYSTEM, INC. Director's Dealing 2021

Feb 22, 2021

31347_dirs_2021-02-22_5b6fb5ab-5cd5-41b0-b3d8-68ae02e2ef2e.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: COMMUNITY BANK SYSTEM, INC. (CBU)
CIK: 0000723188
Period of Report: 2021-02-17

Reporting Person: Lemchak Joseph Jonathon (SVP, Chief Investment Officer)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 1789 Direct
Common Stock 3163.9034 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option $38.02 2026-03-16 Common Stock (793) Direct
Stock Option $57.12 2027-03-15 Common Stock (925) Direct
Stock Option $59.41 2029-03-20 Common Stock (1812) Direct
Stock Option $51.64 2030-03-17 Common Stock (3007) Direct
Stock Option $55.92 2028-03-20 Common Stock (1456) Direct

Footnotes

F1: The number of shares reported herein acquired pursuant to Community Bank System, Inc.'s 401(k) Plan and are based on a current plan statement.

F2: The option vests ratably on March 16, 2017, 2018, 2019, 2020 and 2021.

F3: The option vests ratably on March 15, 2018, 2019, 2020, 2021 and 2022.

F4: The option vests ratably on March 20, 2020, 2021, 2022, 2023 and 2024.

F5: The option vests ratably on March 17, 2021, 2022, 2023, 2024 and 2025.

F6: The option vests ratably on March 20, 2019, 2020, 2021, 2022 and 2023.