SEC Form 4 · accession 0001127602-17-012163
COMMUNITY FINANCIAL SYSTEM, INC. · CBU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward S. Mucenski
Director
Period of report
Mar 15, 2017
Accepted (ET)
Mar 17, 2017 · 3:42 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 StockF1 | holding | — | — | — | 2,336 | D | ||
| Common StockF2 | holding | — | — | — | 1,526 | I | By Spouse | |
| Common StockF3 | holding | — | — | — | 7,483 | I | By PMHV 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock (Deferred Stock Units)F4 | — | Mar 15, 2017 | A | 553 | A | — | — | Common Stock | 553 | 2,280 | D |
| Phantom Stock (Deferred Compensation)F6,F5 | — | holding | — | — | — | — | — | Common Stock | 8,762 | 8,762 | D |
Explanation of responses
- F1Includes 64.12 shares acquired pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
- F2Includes 41.9 shares acquired pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
- F3Includes 166.1004 shares acquired pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
- F4The 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.
- F5Each 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.
- F6Includes 54.9087 units of phantom stock acquired on January 10, 2017 under the Deferred Compensation Plan's dividend reinvestment feature.