SEC Form 4 · accession 0001127602-16-046650
COMMUNITY FINANCIAL SYSTEM, INC. · CBU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John F. Whipple
Director
Period of report
Mar 16, 2016
Accepted (ET)
Mar 17, 2016 · 12:10 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 | $38.02 | Mar 16, 2016 | A | 4,246 | A | Mar 16, 2016 | Mar 16, 2026 | Common Stock | 4,246 | 4,246 | D |
| Phantom Stock (Deferred Compensation)F2,F1 | — | holding | — | — | — | — | — | Common Stock | 10,534 | 10,534 | D |
Explanation of responses
- F1Each 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.
- F2Includes 87.3071, 79.5624, 83.4964 and 85.9334 units acquired on April 10, 2015, July 10, 2015, October 9, 2015, and January 11, 2016 respectively, pursuant to the Deferred Compensation Plan's dividend reinvestment feature.