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COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2021
Jan 6, 2021
31347_dirs_2021-01-06_b6bd6b7e-5287-4f2c-92e3-5b79f7f94dc4.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: 2021-01-04
Reporting Person: STEELE SALLY A (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-01-04 | Common Stock | M | 3195.5394 | — | Acquired | 53257.4638 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-01-04 | Phantom Stock (Deferred Compensation) | $ | M | 3195.5394 | Disposed | Common Stock (3195.5394) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2585 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom Stock (Deferred Stock Units) | $ | Common Stock (852.5883) | 852.5883 | Direct |
Footnotes
F1: On January 4, 2021, 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 98.53, 117.4434 and 114.1050 units of phantom stock acquired on April 9, 2020, July 10, 2020 and October 9, 2020, respectively under the Deferred Compensation Plan's dividend reinvestment feature.
F4: 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.
F5: Includes 3.6946, 4.9758 and 4.8344 units of phantom stock acquired on April 9, 2020, July 10, 2020 and October 9, 2020, respectively, as dividend equivalents under the 2014 Long-Term Incentive Compensation Program.