SEC Form 4/A · accession 0001127602-16-046862
COMMUNITY FINANCIAL SYSTEM, INC. · CBU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Brian R Ace
Director
Period of report
Jan 2, 2016
Accepted (ET)
Mar 18, 2016 · 9:29 am 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 | Jan 2, 2016 | M | 2,816 | $0.00 | A | 50,132 | D | |
| Common Stock | holding | — | — | — | 0 | I | By Laceyville Hardware Sep | |
| Common Stock | holding | — | — | — | 126 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock (Deferred Compensation)F2 | — | Jan 2, 2016 | M | 2,816 | D | — | — | Common Stock | 2,816 | 22,530 | D |
Explanation of responses
- F1This amendment is filed to correct the number of phantom stock units distributed from the reporting person's deferred compensation plan on January 2, 2016.
- F2Each 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.