COMMUNITY BANK SYSTEM, INC. 4
4 · COMMUNITY BANK SYSTEM, INC. · Filed Jun 13, 2017
Insider Transaction Report
Form 4
Mucenski Edward S.
Director
Transactions
- Exercise/Conversion
Common Stock
2017-06-12$27.36/sh+850$23,256→ 3,185.98 total - Exercise/Conversion
Common Stock
2017-06-12$28.78/sh+2,150$61,877→ 5,335.98 total - Sale
Common Stock
2017-06-12$57.96/sh−3,000$173,884→ 2,335.98 total - Exercise/Conversion
Stock Option
2017-06-12−2,150→ 2,416 totalExercise: $28.78From: 2012-03-21Exp: 2022-03-21→ Common Stock (2,150 underlying) - Exercise/Conversion
Stock Option
2017-06-12−850→ 0 totalExercise: $27.36From: 2011-01-19Exp: 2021-01-19→ Common Stock (850 underlying)
Holdings
- 9,052.233
Phantom Stock (Deferred Compensation)
→ Common Stock (9,052.233 underlying) - 7,483.079(indirect: By 401(k))
Common Stock
- 1,526.47(indirect: By Spouse)
Common Stock
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 $57.925 to $57.99, 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 66.8622 units of phantom stock acquired on April 10, 2017 under the Deferred Compensation Plan's dividend reinvestment feature.