CANTWELL PAUL M JR 4
4 · COMMUNITY BANK SYSTEM INC · Filed May 22, 2012
Insider Transaction Report
Form 4
CANTWELL PAUL M JR
Director
Transactions
- Other
Phantom Stock (Deferred Compensation)
2012-04-10$27.66/sh+25.499$705→ 2,738.198 total→ Common Stock (25.499 underlying)
Footnotes (1)
- [F1]Phantom stock units were acquired on April 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.