Joseph E. Sutaris - May 19, 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
Stock symbol
CBU
Transactions as of
May 19, 2021
Transactions value $
-$33,628
Form type
4
Date filed
5/21/2021, 07:00 PM
Next filing
Mar 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CBU Common Stock Options Exercise $67.8K +1.8K +22.67% $37.77 9.72K May 19, 2021 Direct
transaction CBU Common Stock Tax liability -$101K -1.28K -13.16% $79.33 8.44K May 19, 2021 Direct
holding CBU Common Stock 1.91K May 19, 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 -1.8K -100% $0.00* 0 May 19, 2021 Common Stock 1.8K $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.