SEC Form 4/A · accession 0001127602-18-014909
COMMUNITY FINANCIAL SYSTEM, INC. · CBU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Mark J. Bolus
Director
Period of report
Jan 2, 2017
Accepted (ET)
Apr 18, 2018 · 9:04 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 | Jan 2, 2017 | M | 3,694 | — | A | 67,449 | D |
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 2, 2017 | M | 3,694 | D | — | — | Common Stock | 3,694 | 3,476 | D |
Explanation of responses
- F1This amendment has been filed to reduce the number of phantom stock units that were reported as settled on January 2, 2017 for an equal number of shares of Community Bank System, Inc. common stock. The original filing reported that 5,922.26 units were settled, however, the correct number is 3,693.5021 units.
- 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.