SEC Form 4 · accession 0001127602-18-012585
COMMUNITY FINANCIAL SYSTEM, INC. · CBU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Stickels
Director
Period of report
Mar 20, 2018
Accepted (ET)
Mar 22, 2018 · 7:03 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 | — | — | — | 11,345 | D | ||
| Common Stock | holding | — | — | — | 1,730 | I | By Wife | |
| Common StockF1 | holding | — | — | — | 40,222 | I | By Community Bank System, Inc. 401(k) Plan | |
| Common StockF1 | holding | — | — | — | 8,266 | I | By Wife's Community Bank System, Inc. 401(k) |
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,F2 | — | Mar 20, 2018 | A | 611 | A | — | — | Common Stock | 611 | 1,174 | D |
Explanation of responses
- F1The number of share reported herein were acquired pursuant to Community Bank System, Inc.'s 401(K) Plan and are based on a current plan statement.
- F2The 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.
- F3Includes 10.0391 units of deferred stock acquired under the Plan's dividend reinvestment feature.