KAPLAN SAUL 4
4 · COMMUNITY BANK SYSTEM INC · Filed Jan 21, 2005
Insider Transaction Report
Form 4
KAPLAN SAUL
Director
Transactions
- Award
Phantom Stock (Stock Balance Plan)
2005-01-19+251.55→ 731.55 totalExercise: $0.00→ Common Stock (251.55 underlying) - Gift
Common Stock
2004-10-01+805,648→ 805,648 total(indirect: By Trust) - Gift
Common Stock
2004-10-01+135,000→ 135,000 total(indirect: By Trust) - Award
Stock Option
2005-01-19$24.84/sh+3,604$89,523→ 3,604 totalExercise: $24.84From: 2005-01-19Exp: 2015-01-19→ Common Stock (3,604 underlying) - Gift
Common Stock
2004-10-01−940,648→ 23,050 total
Holdings
- 84,000(indirect: By S.B.D.S.B. Ltd. Partnershiop)
Common Stock
Footnotes (4)
- [F1]Gift of 805,648 shares to the Saul Kaplan Revocable Trust, dated August 25, 2004, and 135,000 shares to the Bernardine Kaplan Revocable Trust, dated August 25, 2004.
- [F2]On April 12, 2004, the common stock of Community Bank System, Inc. split 2-for-1, resulting in the reporting person's acquisition of 481,849 additional shares of common stock.
- [F3]On April 12, 2004, the common stock of Community Bank System, Inc. split 2-for-1, resulting in S.B.D.S.B. Ltd. Partnerhship's acquisition of 42,000 additional shares of common stock.
- [F4]Phantom Stock (Stock Balance Plan) may be exercised upon the later of the reporting person's attainment of age 55 or termination of service on Community Bank System, Inc.'s Board of Directors.