MICHAEL R KALLET 4
4 · COMMUNITY BANK SYSTEM, INC. · Filed Dec 23, 2019
Insider Transaction Report
Form 4
MICHAEL R KALLET
Director
Transactions
- Award
Phantom Stock (Deferred Compensation)
2019-12-19$70.52/sh+248.157$17,500→ 4,595.176 total→ Common Stock (248.157 underlying)
Holdings
- 2,763.705
Phantom Stock (Deferred Stock Units)
→ Common Stock (2,763.705 underlying)
Footnotes (4)
- [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 21.5965, 22.4502 and 27.3695 units of phantom stock acquired on April 10, July 10, and October 10, 2019, respectively under the Deferred Compensation Plan's dividend reinvestment feature.
- [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 13.0006, 16.0005, and 18.3857 units of phantom stock acquired on April 10, July 10, and October 10, 2019, respectively as dividend equivalents under the 2014 Long-Term Incentive Compensation Program.