Accession Number: | 0001127602-20-000549 |
Date: | 2020-01-02 |
Issuer: | COMMUNITY BANK SYSTEM, INC. (CBU) |
Original Submission Date: |
ACE BRIAN R
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 |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2020-01-02 | M | 3,094 | a | $0.00 | 60,143 | direct | ||
COMMON STOCK | 2020-01-02 | 0 | $0.00 | 140 | indirect |
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 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
PHANTOM STOCK (DEFERRED COMPENSATION) | 0.0 | 2020-01-02 | deemed execution date | M | 3,094 (d) | common stock 3,094 | $0.00 | 12,367 | direct | |||
PHANTOM STOCK (DEFERRED STOCK UNITS) | 0.0 | 2020-01-02 | deemed execution date | 0 ( ) | common stock 3,717 | $0.00 | 3,717 | direct |
ID | footnote |
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f1 | on january 2, 2020, the reporting person's phantom stock units were settled for an equal number of shares of community bank system, inc. common stock. |
f2 | 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. |
f3 | includes 92.1838, 89.5100 and 102.8554 units of phantom stock acquired on april 10, 2019, july 10, 2019 and october 10, 2019, respectively under the deferred compensation plan's dividend reinvestment feature. |
f4 | 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. |
f5 | includes 18.7038, 21.5383 and 24.7491 units of phantom stock acquired on april 10, 2019, july 10, 2019 and october 10, 2019, respectively under the dividend reinvestment feature. |