Filing Details

Accession Number:
0001127602-23-010115
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-03-14 18:00:11
Reporting Period:
2023-03-13
Accepted Time:
2023-03-14 18:00:11
SEC Url:
Form 4 Filing
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
1264817 R Brian Ace C/O Community Bank System, Inc.
5790 Widewaters Parkway
Dewitt NY 13214
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 2023-03-13 483 $29.79 63,494 No 4 M Direct
Common Stock Disposition 2023-03-13 483 $52.57 63,011 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option Disposition 2023-03-13 483 $0.00 483 $29.79
Common Stock Phantom Stock (Deferred Stock Units) Acquisiton 2023-03-14 1,154 $0.00 1,154 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2013-03-19 2023-03-19 No 4 M Direct
7,345 No 4 A Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 156 Indirect By Spouse
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Phantom Stock (Deferred Compensation) $0.00 3,398 3,398 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
3,398 3,398 Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.50 to $52.66, inclusive. The reporting person undertakes to provide Community Bank System, Inc., any security holder of Community Bank System, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  2. 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.
  3. Includes 180.4156 units of phantom stock acquired under the Deferred Compensation Plan's dividend reinvestment feature.
  4. The reporting person has received deferred stock units under the Community Bank System, Inc. 2022 Long-Term Incentive Plan, as amended (the "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.
  5. Includes 165.4173 units of phantom stock acquired as dividend equivalents under the Plan.