SEC Form 4 · accession 0001127602-15-012002
COMMUNITY FINANCIAL SYSTEM, INC. · CBU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James A Gabriel
Director
Period of report
Mar 18, 2015
Accepted (ET)
Mar 19, 2015 · 1:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000723188
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option | $35.36 | Mar 18, 2015 | A | 3,937 | A | Mar 18, 2015 | Mar 18, 2025 | Common Stock | 3,937 | 3,937 | D |
| Phantom Stock (Stock Balance Plan)F2,F1 | — | holding | — | — | — | — | — | Common Stock | 21,408 | 21,408 | D |
Explanation of responses
- F1Each phantom stock unit is the economic equivalent of one share of Community Bank System, Inc. common stock. The phantom stock units relating to the Stock Balance Plan may be settled upon the later of the reporting person's attainment of age 55 or termination of service on Community Bank System, Inc.'s Board of Directors.
- F2Includes 632.04 units of phantom stock acquired in 2014 under the Stock Balance Plan's dividend reinvestment feature.