SEC Form 4 · accession 0001127602-15-012156
COMMUNITY FINANCIAL SYSTEM, INC. · CBU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward S. Mucenski
Director
Period of report
Mar 18, 2015
Accepted (ET)
Mar 20, 2015 · 2:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000723188
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 2,563 | D | ||
| Common StockF2 | holding | — | — | — | 7,083 | I | By PMHV 401(k) Plan | |
| Common StockF3 | holding | — | — | — | 1,073 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock (Deferred Stock Units)F4 | — | Mar 18, 2015 | A | 850 | A | — | — | Common Stock | 850 | 850 | D |
| Phantom Stock (Deferred Compensation)F6,F5 | — | Mar 19, 2015 | A | 227 | A | — | — | Common Stock | 227 | 6,799 | D |
Explanation of responses
- F1Includes 17.918, 19.163, 22.356, and 20.699 shares acquired on April 10, 2014, July 10, 2014, October 10, 2014, and January 9, 2015, respectively, pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
- F2Includes 49.512, 52.952, 61.777, and 57.198 shares acquired on April 10, 2014, July 10, 2014, October 10, 2014, and January 9, 2015, respectively, pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
- F3Includes 7.501, 8.022, 9.359, and 8.666 shares acquired on April 10, 2014, July 10, 2014, October 10, 2014, and January 9, 2015, respectively, pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
- F4The 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.
- F5Each 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.
- F6Includes 53.2774 units acquired on January 9, 2015 pursuant to the Deferred Compensation Plan's dividend reinvestment feature.