SEC Form 4 · accession 0001127602-17-022414
COMMUNITY FINANCIAL SYSTEM, INC. · CBU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark J. Bolus
Director
Period of report
Jun 28, 2017
Accepted (ET)
Jun 29, 2017 · 5:51 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 | — | Jun 28, 2017 | A | 274 | A | — | — | Common Stock | 274 | 1,869 | 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 16.3668 units of phantom stock acquired on April 10, 2017 under the Deferred Compensation Plan's dividend reinvestment feature.