SEC Form 4 · accession 0001127602-16-046745
COMMUNITY FINANCIAL SYSTEM, INC. · CBU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nicholas A Dicerbo
Director
Period of report
Mar 16, 2016
Accepted (ET)
Mar 17, 2016 · 3:43 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 | — | — | — | 197,685 | D | ||
| Common StockF2 | holding | — | — | — | 962 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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)F4,F3 | — | holding | — | — | — | — | — | Common Stock | 52,085 | 52,085 | D |
Explanation of responses
- F1Includes 966.682 shares acquired on January 11, 2016 under the Community Bank System, Inc. Dividend Reinvestment Plan.
- F2Includes 7.613 shares acquired on January 11, 2016 under the Community Bank System, Inc. Dividend Reinvestment Plan.
- F3Each 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.
- F4Includes 431.5248, 399.8218, 419.5912 and 431.8371 units of phantom stock acquired on April 10, 2015, July 10, 2015, October 9, 2015 and January 11, 2016, respectively, under the Deferred Compensation Plan's dividend reinvestment feature.