CANTWELL PAUL M JR 4
4 · COMMUNITY BANK SYSTEM INC · Filed Jan 26, 2012
Insider Transaction Report
Form 4
CANTWELL PAUL M JR
Director
Transactions
- Other
Phantom Stock (Deferred Compensation)
2012-01-10$28.43/sh+32.699$930→ 2,712.699 total→ Common Stock (32.699 underlying)
Footnotes (1)
- [F1]Phantom stock units were acquired on January 10, 2012 under the Deferred Compensation Plan's dividend reinvestment feature. 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.