COMMUNITY BANK SYSTEM, INC. 4
4 · COMMUNITY BANK SYSTEM, INC. · Filed Nov 18, 2016
Insider Transaction Report
Form 4
Mucenski Edward S.
Director
Transactions
- Exercise/Conversion
Stock Option
2016-11-17−3,000→ 850 totalExercise: $27.36From: 2011-01-19Exp: 2021-01-19→ Common Stock (3,000 underlying) - Sale
Common Stock
2016-11-17$54.85/sh−3,000$164,554→ 2,271.86 total - Exercise/Conversion
Common Stock
2016-11-17$27.36/sh+3,000$82,080→ 5,271.86 total
Holdings
- 1,484.57(indirect: By Spouse)
Common Stock
- 7,316.979(indirect: By 401(k))
Common Stock
- 8,557.389
Phantom Stock (Deferred Compensation)
→ Common Stock (8,557.389 underlying)
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.56 to $38.73, inclusive. The reporting person undertakes to provide Community Bank System, Inc., any security holder of Community Bank System, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [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 65.9651 units acquired on October 10, 2016 pursuant to the Deferred Compensation Plan's dividend reinvestment feature.