COMMUNITY BANK SYSTEM, INC. 4
4 · COMMUNITY BANK SYSTEM, INC. · Filed Mar 17, 2017
Insider Transaction Report
Form 4
DICERBO NICHOLAS A
Director
Transactions
- Award
Phantom Stock (Deferred Stock Units)
2017-03-15+553→ 1,403 total→ Common Stock (553 underlying)
Holdings
- 53,560.734
Phantom Stock (Deferred Compensation)
→ Common Stock (53,560.734 underlying)
Footnotes (3)
- [F1]The reporting person has received deferred stock units under the Community Bank System, Inc. 2014 Long-Term Incentive Plan. Each phantom stock unit which represents a deferred stock unit is the economic equivalent of one share of Community Bank System, Inc. common stock and will be settled in common stock at a predetermined date.
- [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 288.6989 units of phantom stock acquired on January 10, 2017 under the Deferred Compensation Plan's dividend reinvestment feature.