SEC Form 4 · accession 0001127602-16-037194
COMMUNITY FINANCIAL SYSTEM, INC. · CBU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Allen Kingsley
Officer — Chief Financial Officer
Period of report
Jan 14, 2016
Accepted (ET)
Jan 19, 2016 · 4:24 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 StockF1 | Jan 14, 2016 | A | 4,789 | $0.00 | A | 30,650 | D | |
| Common StockF2 | Jan 14, 2016 | F | 1,886 | $39.94 | D | 28,764 | D | |
| Common StockF3 | holding | — | — | — | 4,538 | I | By 401(k) Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On January 14, 2016, the Compensation Committee approved the vesting of the three-year performance-based restricted stock award, granted to the reporting person in 2013, based on achievement of predetermined performance criteria at target level.
- F2Payment of tax liability associated with the vesting of the three-year performance-based restricted stock award.
- F3The 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.