SEC Form 4 · accession 0001127602-16-046925
COMMUNITY FINANCIAL SYSTEM, INC. · CBU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark J. Bolus
Director
Period of report
Mar 16, 2016
Accepted (ET)
Mar 18, 2016 · 3:35 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 | — | — | — | 63,756 | D | ||
| Common StockF2 | holding | — | — | — | 6,127 | I | By Mark Bolus Trust | |
| Common StockF3 | holding | — | — | — | 190 | I | By daughter, Taylor Bolus | |
| Common StockF3 | holding | — | — | — | 190 | I | By daughter, Paige Bolus | |
| Common StockF3 | holding | — | — | — | 190 | I | By son, Austin Bolus | |
| Common StockF3 | holding | — | — | — | 190 | I | By son, Noah Bolus | |
| Common StockF4 | holding | — | — | — | 4,438 | I | By Taylor Bolus Trust | |
| Common StockF4 | holding | — | — | — | 4,438 | I | By Paige Bolus Trust | |
| Common StockF4 | holding | — | — | — | 4,438 | I | By Austin Bolus Trust | |
| Common StockF4 | holding | — | — | — | 4,438 | I | By Noah Bolus Trust |
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 Stock Units)F5 | — | Mar 16, 2016 | A | 438 | A | — | — | Common Stock | 438 | 863 | D |
| Stock Option | $38.02 | Mar 16, 2016 | A | 2,123 | A | Mar 16, 2016 | Mar 16, 2026 | Common Stock | 2,123 | 2,123 | D |
| Phantom Stock (Deferred Compensation)F7,F6 | — | Mar 17, 2016 | A | 431 | A | — | — | Common Stock | 431 | 5,974 | D |
Explanation of responses
- F1Includes 1,617.46 shares acquired in April, July and October 2015 and January 2016 under the Community Bank System, Inc. Dividend Reinvestment Plan.
- F2Includes 195.006 shares acquired in April, July and October 2015 and January 2016 under the Community Bank System, Inc. Dividend Reinvestment Plan.
- F3Includes 6.089 shares acquired in April, July and October 2015 and January 2016 under the Community Bank System, Inc. Dividend Reinvestment Plan.
- F4Includes 140.957 shares acquired in April, July and October 2015 and January 2016 under the Community Bank System, Inc. Dividend Reinvestment Plan.
- F5The reporting person has received deferred stock units under the Community Bank System, Inc. 2014 Long-Term Incentive Plan. Each phantom stock unit which represents a deferred stock unit is the economic equivalent of one share of Community Bank System, Inc. common stock and will be settled in common stock at a predetermined date.
- F6Each 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.
- F7Includes 45.536 units of phantom stock acquired on January 11, 2016 under the Deferred Compensation Plan's dividend reinvestment feature.