SEC Form 4 · accession 0001127602-16-050288
COMMUNITY FINANCIAL SYSTEM, INC. · CBU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian D Donahue
Officer — EVP & Chief Banking Officer
Period of report
Apr 29, 2016
Accepted (ET)
Apr 29, 2016 · 4:29 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 | Apr 29, 2016 | M | 8,084 | $22.94 | A | 45,762 | D | |
| Common Stock | Apr 29, 2016 | S | 8,084 | $39.75 | D | 37,678 | D | |
| Common StockF1 | holding | — | — | — | 7,517 | 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 OptionF2 | $22.94 | Apr 29, 2016 | M | 8,084 | D | — | Jan 17, 2017 | Common Stock | 8,084 | 0 | D |
Explanation of responses
- F1The 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.
- F2The option vested ratably on January 17, 2011, 2012, 2013, 2014, and 2015.