COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2022

Jul 1, 2022

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: COMMUNITY BANK SYSTEM, INC. (CBU)
CIK: 0000723188
Period of Report: 2022-07-01

Reporting Person: Abdo Michael N (EVP and General Counsel)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2653	Direct
Common Stock	290.1555	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$37.77	2024-03-19	Common Stock (700)		Direct
Stock Option	$35.36	2025-03-18	Common Stock (2100)		Direct
Stock Option	$38.02	2026-03-16	Common Stock (2287)		Direct
Stock Option	$57.12	2027-03-15	Common Stock (1343)		Direct
Stock Option	$55.92	2028-03-20	Common Stock (1425)		Direct
Stock Option	$59.41	2029-03-20	Common Stock (1338)		Direct
Stock Option	$51.64	2030-03-17	Common Stock (2475)		Direct
Stock Option	$79.66	2031-03-16	Common Stock (1487)		Direct
Stock Option	$71.78	2032-03-15	Common Stock (1573)		Direct

Footnotes

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

F2: The option vested ratably on March 19, 2015, 2016, 2017, 2018, and 2019.

F3: The option vested ratably on March 18, 2016, 2017, 2018, 2019, and 2020.

F4: The option vested ratably on March 16, 2017, 2018, 2019, 2020, and 2021.

F5: The option vested ratably on March 15, 2018, 2019, 2020, 2021, and 2022.

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

F7: The option vests ratably on March 20, 2020, 2021, 2022, 2023, and 2024.

F8: The option vests ratably on March 17, 2021, 2022, 2023, 2024, and 2025.

F9: The option vests ratably on March 16, 2022, 2023, 2024, 2025, and 2026.

F10: The option vests ratably on March 15, 2023, 2024, 2025, 2026, and 2027.