PATTERSON DAVID CHARLES 4
4 · COMMUNITY BANK SYSTEM INC · Filed Oct 26, 2011
Insider Transaction Report
Form 4
PATTERSON DAVID CHARLES
Director
Transactions
- Other
Phantom Stock (Deferred Compensation)
2011-10-07$23.07/sh+129.395$2,985→ 11,610.741 total→ Common Stock (129.395 underlying)
Footnotes (1)
- [F1]Phantom stock units acquired on October 7, 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.