SEC Form 4 · accession 0001127602-18-033389
COMMUNITY FINANCIAL SYSTEM, INC. · CBU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Stickels
Director
Period of report
Nov 15, 2018
Accepted (ET)
Nov 16, 2018 · 3:47 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 Stock | Nov 15, 2018 | M | 189 | $62.61 | A | 38,934 | D | |
| Common Stock | holding | — | — | — | 1,730 | I | By Wife | |
| Common Stock | 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)F2,F1 | — | Nov 15, 2018 | M | 189 | D | — | — | Common Stock | 189 | 992 | D |
Explanation of responses
- F1The 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.
- F2Includes 6.546 units of deferred stock acquired under the Plan's dividend reinvestment feature.