SEC Form 4 · accession 0001127602-18-001871
COMMUNITY FINANCIAL SYSTEM, INC. · CBU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Mark J. Bolus
Director
Period of report
Jan 15, 2018
Accepted (ET)
Jan 16, 2018 · 5:27 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 StockF1 | Jan 15, 2018 | M | 1,184 | — | A | 72,641 | D | |
| Common Stock | holding | — | — | — | 6,299 | I | By Mark Bolus Trust | |
| Common Stock | holding | — | — | — | 194 | I | By daughter, Taylor Bolus | |
| Common Stock | holding | — | — | — | 194 | I | By daughter, Paige Bolus | |
| Common Stock | holding | — | — | — | 194 | I | By son, Austin Bolus | |
| Common Stock | holding | — | — | — | 194 | I | By son, Noah Bolus | |
| Common Stock | holding | — | — | — | 4,600 | I | By Taylor Bolus Trust | |
| Common Stock | holding | — | — | — | 4,600 | I | By Paige Bolus Trust | |
| Common Stock | holding | — | — | — | 4,600 | I | By Austin Bolus Trust | |
| Common Stock | holding | — | — | — | 4,600 | I | By Noah Bolus Trust |
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)F1,F2 | — | Jan 15, 2018 | M | 1,184 | D | — | — | Common Stock | 1,184 | 1,258 | D |
Explanation of responses
- F1On January 15, 2018, the reporting person's phantom stock units were settled for an equal number of shares of Community Bank System, Inc. common stock.
- F2Each 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.