SEC Form 4 · accession 0001127602-19-001753
COMMUNITY FINANCIAL SYSTEM, INC. · CBU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph F Serbun
Officer — EVP, Chief Credit Officer
Period of report
Jan 8, 2019
Accepted (ET)
Jan 10, 2019 · 2:45 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 StockF1 | Jan 8, 2019 | A | 3,560 | $0.00 | A | 11,787 | D | |
| Common StockF2 | Jan 8, 2019 | F | 1,306 | $60.34 | D | 10,481 | D | |
| Common StockF3 | holding | — | — | — | 755 | I | By 401(k) Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On January 8, 2019, the Compensation Committee approved the vesting of the three-year performance-based restricted stock award, granted to the reporting person in 2016, based on achievement of predetermined performance criteria at the maximum level.
- F2Payment of tax liability associated with vesting of the three-year performance-based restricted stock award.
- F3The number of shares reported herein acquired pursuant to Community Bank System, Inc.'s 401(k) Plan and are based on a current plan statement.