SEC Form 4 · accession 0001127602-17-012008
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
Mar 15, 2017
Accepted (ET)
Mar 16, 2017 · 6:38 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 | holding | — | — | — | 21,603 | D | ||
| Common Stock | holding | — | — | — | 8,759 | I | By Wife | |
| Common StockF1,F2 | holding | — | — | — | 66,803 | I | By Community Bank System, Inc. 401(k) Plan | |
| Common Stock | holding | — | — | — | 5,606 | I | By Trust under Will | |
| 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 Stock Units)F3 | — | Mar 15, 2017 | A | 553 | A | — | — | Common Stock | 553 | 1,430 | D |
Explanation of responses
- F1Includes 6,208.0662 shares acquired pursuant to the 401(k) Plan's dividend reinvestment feature.
- F2The Oneida Financial Corp. Employee Stock Ownership Plan and the Oneida Financial Corp. 401(k) Plan were merged with the Community Bank System, Inc. 401(k) Plan.
- F3The 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.