Form Type: 4

SEC EDGAR Link
Accession Number:0001127602-19-035704
Date:2019-12-19
Issuer: COMMUNITY BANK SYSTEM, INC. (CBU)
Original Submission Date:

Reporting Person:

DAVIS JEFFREY L
C/O COMMUNITY BANK SYSTEM, INC.
5790 WIDEWATERS PARKWAY DEWITT, NY 13214

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
PHANTOM STOCK (DEFERRED COMPENSATION) 0.0 2019-12-19 deemed execution date A 266 (a) common stock 266 $0.00 2,203 direct
PHANTOM STOCK (DEFERRED STOCK UNITS) 0.0 2019-12-19 deemed execution date 0 ( ) common stock 1,217 $0.00 1,217 direct
Footnotes
IDfootnote
f1 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.
f2 includes 6.8649, 8.2692, and 11.2052 units of phantom stock acquired on april 10, july 10, and october 10, 2019, respectively under the deferred compensation plan's dividend reinvestment feature.
f3 the 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.
f4 includes 3.7781, 7.0454, and 8.0956 units of phantom stock acquired as dividend equivalents on april 10, july 10, and october 10, 2019, respectively under the 2014 long-term incentive compensation program.
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