4//SEC Filing
MICHAEL R KALLET 4
Accession 0001127602-19-012457
CIK 0000723188other
Filed
Mar 19, 8:00 PM ET
Accepted
Mar 20, 5:12 PM ET
Size
11.1 KB
Accession
0001127602-19-012457
Insider Transaction Report
Form 4
MICHAEL R KALLET
Director
Transactions
- Sale
Common Stock
2019-03-18$62.49/sh−6,725$420,212→ 56,009 total - Award
Phantom Stock (Deferred Stock Units)
2019-03-20+576→ 2,716.318 total→ Common Stock (576 underlying)
Holdings
- 8,759(indirect: By Spouse)
Common Stock
- 1,988(indirect: By IRA)
Common Stock
- 3,555.46
Phantom Stock (Deferred Compensation)
→ Common Stock (3,555.46 underlying)
Footnotes (6)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.06 to $62.70, 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]Includes an additional 4,065.2713 shares to correct the reporting person's holdings to reflect the current number of shares owned.
- [F3]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.
- [F4]Includes 13.1033 units of phantom stock acquired as dividend equivalents under the 2014 Long-Term Incentive Compensation Program.
- [F5]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.
- [F6]Includes 19.7916 units of phantom stock acquired on January 10, 2019 under the Deferred Compensation Plan's dividend reinvestment feature.
Documents
Issuer
COMMUNITY BANK SYSTEM, INC.
CIK 0000723188
Entity typeother
Related Parties
1- filerCIK 0001202795
Filing Metadata
- Form type
- 4
- Filed
- Mar 19, 8:00 PM ET
- Accepted
- Mar 20, 5:12 PM ET
- Size
- 11.1 KB