MCDANIEL W VALEN 4
4 · COMMUNITY BANK SYSTEM INC · Filed Jan 23, 2004
Insider Transaction Report
Form 4
MCDANIEL W VALEN
Chief Risk Officer
Transactions
- Award
Stock Option
2004-01-21+2,038→ 2,038 totalExercise: $48.30Exp: 2014-01-21→ Common Stock (2,038 underlying)
Holdings
- 2,909.99
Common Stock
- 873.103(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]Includes 19.975 shares and 18.678 shares acquired on October 10, 2003 and January 9, 2004, respectively, under the Community Bank System, Inc. Dividend Reinvestment Plan.
- [F2]The number of shares reported herein is based on plan account information as of January 2004.
- [F3]The option vests in five equal installments on January 21, 2005, 2006, 2007, 2008, and 2009.