SEC Form 4 · accession 0001127602-18-012580
COMMUNITY FINANCIAL SYSTEM, INC. · CBU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian D Donahue
Officer — EVP & Chief Banking Officer
Period of report
Mar 1, 2018
Accepted (ET)
Mar 22, 2018 · 6:51 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 | Mar 1, 2018 | F | 595 | $53.31 | D | 37,714 | D | |
| Common Stock | Mar 20, 2018 | A | 1,687 | $0.00 | A | 39,401 | D | |
| Common StockF2 | holding | — | — | — | 8,496 | 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 OptionF3 | $55.92 | Mar 20, 2018 | A | 7,059 | A | — | Mar 20, 2028 | Common Stock | 7,059 | 7,059 | D |
Explanation of responses
- F1Payment of tax liability associated with vesting of restricted stock awards.
- F2The number of shares reported herein were acquired pursuant to Community Bank System, Inc.'s 401(K) Plan and are based on a current plan statement.
- F3The option vests ratably on March 20, 2019, 2020, 2021, 2022, and 2023.