FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 05/21/2018 |
3. Issuer Name and Ticker or Trading Symbol
COMMUNITY BANK SYSTEM, INC. [ CBU ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) 05/31/2018 |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock(1) | 546.7621 | I | By 401(k) Plan(2) |
Common Stock | 8,226.7224 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Option | (3) | 01/20/2020 | Common Stock | 82 | $19.48 | D | |
Stock Option | (4) | 01/19/2021 | Common Stock | 2,599 | $27.36 | D | |
Stock Option | (5) | 03/21/2022 | Common Stock | 3,484 | $28.78 | D | |
Stock Option | (6) | 03/19/2023 | Common Stock | 3,858 | $29.79 | D | |
Stock Option | (7) | 03/18/2025 | Common Stock | 3,053 | $35.36 | D | |
Stock Option | (8) | 03/19/2024 | Common Stock | 2,935 | $37.77 | D | |
Stock Option | (9) | 03/16/2026 | Common Stock | 4,029 | $38.02 | D | |
Stock Option | (10) | 03/20/2028 | Common Stock | 2,779 | $55.92 | D | |
Stock Option | (11) | 03/15/2027 | Common Stock | 2,357 | $57.12 | D |
Explanation of Responses: |
1. This Amendment is filed to include the reporting person's Confirming Statement. |
2. The number of shares reported herein acquired pursuant to Community Bank System, Inc.'s 401(k) Plan and are based on a current plan statement. |
3. The option vested ratably on January 20, 2011, 2012, 2013, 2014 and 2015. |
4. The option vested ratably on January 19, 2012, 2013, 2014, 2015 and 2016. |
5. The option vested ratably on March 21, 2013, 2014, 2015, 2016 and 2017. |
6. The option vested ratably on March 19, 2014, 2015, 2016, 2017 and 2018. |
7. The option vests ratably on March 18, 2016, 2017, 2018, 2019 and 2020. |
8. The option vests ratably on March 19, 2015, 2016, 2017, 2018 and 2019. |
9. The option vests ratably on March 16, 2017, 2018, 2019, 2020 and 2021. |
10. The option vests ratably on March 20, 2019, 2020, 2021, 2022 and 2023. |
11. The option vests ratably on March 15, 2018, 2019, 2020, 2021 and 2022. |
/s/ Marguerite K. Geiss, pursuant to a Confirming Statement executed by Joseph F. Serbun | 05/31/2018 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |