SEC Form 4 · accession 0001127602-16-046819
COMMUNITY FINANCIAL SYSTEM, INC. · CBU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark E Tryniski
Officer — President & CEO · Director
Period of report
Mar 16, 2016
Accepted (ET)
Mar 17, 2016 · 5:15 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 Stock | Mar 16, 2016 | A | 5,959 | $0.00 | A | 107,870 | D | |
| Common Stock | Mar 16, 2016 | F | 254 | $38.02 | D | 107,616 | D | |
| Common StockF2 | holding | — | — | — | 15,551 | 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 OptionF3 | $38.02 | Mar 16, 2016 | A | 28,863 | A | — | Mar 16, 2026 | Common Stock | 28,863 | 28,863 | D |
Explanation of responses
- F1Payment of tax liability associated with the vesting of restricted stock awards.
- F2The 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.
- F3The option vests ratably on March 16, 2017, 2018, 2019, 2020, and 2021.