SEC Form 4 · accession 0001127602-15-031029
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
Nov 9, 2015
Accepted (ET)
Nov 10, 2015 · 5:00 pm EST
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 | Nov 9, 2015 | M | 3,967 | $22.94 | A | 37,726 | D | |
| Common Stock | Nov 9, 2015 | M | 2,033 | $22.94 | A | 39,759 | D | |
| Common StockF1 | Nov 9, 2015 | S | 6,000 | $42.572 | D | 33,759 | D | |
| Common Stock | holding | — | — | — | 6,885 | 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 | $22.94 | Nov 9, 2015 | M | 3,967 | D | — | Jan 17, 2017 | Common Stock | 3,967 | 0 | D |
| Stock Option | $22.94 | Nov 9, 2015 | M | 2,033 | D | Jan 17, 2010 | Jan 17, 2017 | Common Stock | 2,033 | 8,084 | 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 $42.36 to $42.75, 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 17, 2008, 2009, 2010, 2011, and 2012.