Accession Number: | 0001127602-19-035704 |
Date: | 2019-12-19 |
Issuer: | COMMUNITY BANK SYSTEM, INC. (CBU) |
Original Submission Date: |
DAVIS JEFFREY L
C/O COMMUNITY BANK SYSTEM, INC.
5790 WIDEWATERS PARKWAY
DEWITT, NY 13214
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
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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 Exercisable | Expiration 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 |
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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 |
ID | footnote |
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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. |