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$CBU·4

COMMUNITY BANK SYSTEM INC · Jul 29, 5:58 PM ET

COMMUNITY BANK SYSTEM INC 4

4 · COMMUNITY BANK SYSTEM INC · Filed Jul 29, 2003

Insider Transaction Report

Form 4

Period: 2003-07-25

COMMUNITY BANK SYSTEM INCCBU

PATTON MICHAEL A

President/Financial Services

Transactions

Exercise/Conversion
Common Stock
2003-07-25$16.00/sh+6,200$99,200→ 36,895 total
Exercise/Conversion
Stock Option
2003-07-25$12.13/sh−2,000$24,250→ 0 total
Exercise: $12.13From: 1997-01-16Exp: 2006-01-16→ Common Stock (2,000 underlying)
Exercise/Conversion
Stock Option
2003-07-25$19.13/sh−8,000$153,000→ 0 total
Exercise: $19.13From: 1997-12-18Exp: 2006-12-18→ Common Stock (8,000 underlying)
Exercise/Conversion
Stock Option
2003-07-25$16.00/sh−6,200$99,200→ 0 total
Exercise: $16.00From: 1997-01-02Exp: 2006-01-02→ Common Stock (6,200 underlying)
Exercise/Conversion
Common Stock
2003-07-25$19.13/sh+8,000$153,000→ 44,895 total
Tax Payment
Common Stock
2003-07-25$41.02/sh−6,147$252,150→ 38,748 total
Exercise/Conversion
Common Stock
2003-07-25$12.13/sh+2,000$24,250→ 32,695 total
Sale
Common Stock
2003-07-25$41.07/sh−2,000$82,140→ 30,695 total

Holdings

Common Stock
(indirect: By 401(k))
4,351.79
Common Stock
(indirect: By Spouse)
1,400

Footnotes (1)

[F1]The number of shares reported herein is based on a Plan Statement dated as of 12/31/02.

Documents

1 file

4
edgar.xmlPrimary
PRIMARY DOCUMENT