DEMPSEY WILLIAM M 4
4 · COMMUNITY BANK SYSTEM INC · Filed Dec 23, 2008
Insider Transaction Report
Form 4
DEMPSEY WILLIAM M
Director
Transactions
- Sale
Common Stock
2008-12-22$23.01/sh−700$16,110→ 9,915.294 total - Sale
Common Stock
2008-12-23$23.03/sh−1,900$43,759→ 8,015.294 total - Award
Phantom Stock (Deferred Compensation)
2008-12-19$23.00/sh+505.435$11,625→ 9,953.036 total→ Common Stock (505.435 underlying)
Footnotes (1)
- [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.