SEC Form 4 · accession 0001127602-15-021177
COMMUNITY FINANCIAL SYSTEM, INC. · CBU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian D Donahue
Officer — Chief Banking Officer
Period of report
Jun 22, 2015
Accepted (ET)
Jun 23, 2015 · 11:48 am 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 Stock | Jun 22, 2015 | M | 6,182 | $23.74 | A | 39,941 | D | |
| Common StockF1 | Jun 22, 2015 | S | 6,182 | $37.4882 | D | 33,759 | D | |
| Common Stock | holding | — | — | — | 6,743 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2 | $23.74 | Jun 22, 2015 | M | 6,182 | D | — | Jan 18, 2016 | Common Stock | 6,182 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.45 to $37.49, inclusive. The reporting person undertakes to provide Community Bank System, Inc., any security holder of Community Bank System, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2The option vested ratably on January 18, 2007, 2008, 2009, 2010, and 2011.