WHITTET ALFRED S 4
4 · COMMUNITY BANK SYSTEM INC · Filed Oct 19, 2012
Insider Transaction Report
Form 4
WHITTET ALFRED S
Director
Transactions
- Award
Phantom Stock (Deferred Compensation)
2012-10-18$27.27/sh+77.008$2,100→ 1,875.218 total→ Common Stock (77.008 underlying)
Footnotes (2)
- [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 15.0201 units of phantom stock acquired October 10, 2012 under the Deferred Compensation Plan's dividend reinvestment feature.