JOSEPH E. SUTARIS - 19 May 2021 Form 4 Insider Report for COMMUNITY BANK SYSTEM, INC. (CBU)

Role
EVP & Chief Financial Officer
Signature
/s/ Danielle M. Cima, pursuant to a Confiming Statement executed by Joseph E. Sutaris
Issuer symbol
CBU
Transactions as of
19 May 2021
Net transactions value
-$33,628
Form type
4
Filing time
21 May 2021, 19:00:28 UTC
Next filing
08 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CBU Common Stock Options Exercise $67,835 +1,796 +23% $37.77 9,717 19 May 2021 Direct
transaction CBU Common Stock Tax liability $101,463 -1,279 -13% $79.33 8,438 19 May 2021 Direct
holding CBU Common Stock 1,907 19 May 2021 By 401(k) Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CBU Stock Option Options Exercise $0 -1,796 -100% $0.000000* 0 19 May 2021 Common Stock 1,796 $37.77 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option vested ratably on March 19, 2015, 2016, 2017, 2018 and 2019.