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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
723188	Community Bank System Inc	CBU	National Commercial Banks (6021)	161213679

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1234449	A Nicholas Dicerbo	2835 West River Road Olean NY 14760		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2012-05-15	700	$27.06	125,066	No	4	P	Direct
Common Stock	Acquisiton	2012-05-15	400	$27.06	115,935	No	4	P	Indirect	By Law Firm (Partner)

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Indirect	By Law Firm (Partner)

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Phantom Stock (Deferred Compensation)	Acquisiton	2012-04-10	497	$27.66	497	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
54,028			No	5	J	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	848	Indirect	By Spouse

Footnotes

Includes 20.527 shares acquired on April 10, 2012 pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
Includes 7.609 shares acquired on April 10, 2012 pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
These phantom stock units were acquired on April 10, 2012 under the Deferred Compensation Plan's dividend reinvestment feature. Each 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.