SEC Form 5 · accession 0001127602-17-002640
COMMUNITY FINANCIAL SYSTEM, INC. · CBU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
R Kallet Michael
Director
Period of report
Dec 31, 2016
Accepted (ET)
Jan 27, 2017 · 4:38 pm EST
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 | Nov 17, 2016 | G | 21,000 | $0.00 | D | 21,603 | D | |
| Common Stock | holding | — | — | — | 50,344 | I | By Oneida Financial Corp. 401(k) Plan | |
| Common Stock | holding | — | — | — | 10,251 | I | By Oneida Financial Corp. Employee Stock Ownership Plan | |
| Common Stock | holding | — | — | — | 5,606 | I | By Trust under Will | |
| Common Stock | holding | — | — | — | 8,759 | I | By Wife | |
| Common Stock | holding | — | — | — | 1,988 | I | By IRA |
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 | — | holding | — | — | — | — | — | Common Stock | 1,233 | 1,233 | 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 10.0625 units of phantom stock acquired on January 10, 2017 under the Deferred Compensation Plan's dividend reinvestment feature.