CANTWELL PAUL M JR 4
4 · COMMUNITY BANK SYSTEM INC · Filed Jan 18, 2012
Insider Transaction Report
Form 4
CANTWELL PAUL M JR
Director
Transactions
- Exercise/Conversion
Common Stock
2012-01-13+895→ 103,662 total - Exercise/Conversion
Phantom Stock (Deferred Compensation)
2012-01-13−895→ 2,680 total→ Common Stock (895 underlying)
Holdings
- 10,450(indirect: By Spouse)
Common Stock
Footnotes (3)
- [F1]Each phantom stock unit relating to the Deferred Compensation Plan entitles the reporting person to receive one share of Community Bank System, Inc. common stock. On January 13, 2012, the reporting person's phantom stock units were settled for an equal number of shares and cash for .5305 share at $27.80 per share.
- [F2]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.
- [F3]895.5305 phantom stock units were settled for 895 shares of common stock and cash for .5305 share at $27.80.