PATTERSON DAVID CHARLES 4
4 · COMMUNITY BANK SYSTEM INC · Filed Jul 27, 2011
Insider Transaction Report
Form 4
PATTERSON DAVID CHARLES
Director
Transactions
- Other
Phantom Stock (Deferred Compensation)
2011-07-11$24.78/sh+110.133$2,729→ 11,481.346 total→ Common Stock (110.133 underlying)
Footnotes (1)
- [F1]Phantom stock units acquired on July 11, 2011 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.