SEC Form 4 · accession 0001127602-16-063138
COMMUNITY FINANCIAL SYSTEM, INC. · CBU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Neil E. Fesette
Director
Period of report
Sep 21, 2016
Accepted (ET)
Sep 23, 2016 · 6:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000723188
Table I — non-derivative securities
No Table I lines on this filing.
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,F1 | — | Sep 21, 2016 | A | 162 | A | — | — | Common Stock | 162 | 8,958 | D |
Explanation of responses
- F1Each 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.
- F2Includes 75.9947 units of phantom stock acquired on July 11, 2016 under the Deferred Compensation Plan's dividend reinvestment feature.