WHITTET ALFRED S 4
4 · COMMUNITY BANK SYSTEM INC · Filed Jan 22, 2013
Insider Transaction Report
Form 4
WHITTET ALFRED S
Director
Transactions
- Award
Phantom Stock (Deferred Compensation)
2013-01-17$28.29/sh+145.811$4,125→ 2,275.091 total→ Common Stock (145.811 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 18.2375 units of phantom stock acquired January 10, 2013 under the Deferred Compensation Plan's dividend reinvestment feature.