SEC Form 4 · accession 0001127602-18-012611
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
Mar 20, 2018
Accepted (ET)
Mar 22, 2018 · 8:40 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 | Mar 20, 2018 | M | 584 | — | A | 73,224 | D | |
| Common StockF2 | holding | — | — | — | 6,411 | 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 StockF3 | holding | — | — | — | 4,686 | I | By Taylor Bolus Trust | |
| Common StockF3 | holding | — | — | — | 4,686 | I | By Paige Bolus Trust | |
| Common StockF4 | holding | — | — | — | 4,687 | I | By Austin Bolus Trust | |
| Common StockF4 | holding | — | — | — | 4,687 | 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 Stock Units)F5 | — | Mar 20, 2018 | A | 611 | A | — | — | Common Stock | 611 | 2,027 | D |
| Phantom Stock (Deferred Compensation)F1,F7,F6 | — | Mar 20, 2018 | M | 584 | D | — | — | Common Stock | 584 | 711 | D |
Explanation of responses
- F1On March 20, 2018, the reporting person's phantom stock units were settled for an equal number of shares of Community Bank System, Inc. common stock.
- F2Includes 112.427 shares acquired pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
- F3Includes 85.589 shares acquired pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
- F4Includes 87.079 shares acquired pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
- F5The 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.
- F6Each 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.
- F7Includes 36.4581 units of phantom stock acquired on January 10, 2018 under the Deferred Compensation Plan's dividend reinvestment feature.