SEC Form 4 · accession 0001127602-17-002653
COMMUNITY FINANCIAL SYSTEM, INC. · CBU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Allen Kingsley
Officer — Chief Financial Officer
Period of report
Jan 26, 2017
Accepted (ET)
Jan 27, 2017 · 4:44 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 | Jan 26, 2017 | M | 5,435 | $19.48 | A | 41,152 | D | |
| Common StockF1 | Jan 26, 2017 | S | 5,435 | $61.7578 | D | 35,717 | D | |
| Common Stock | holding | — | — | — | 4,852 | 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 | $19.48 | Jan 26, 2017 | M | 5,435 | D | — | Jan 20, 2020 | Common Stock | 5,435 | 1,236 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.75 to $61.81, inclusive. The reporting person undertakes to provide Community Bank System, Inc., any security holder of Community Bank System, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2The options vested ratably on August 2, 2005, 2006, 2007, 2008 and 2009.