Jeffrey M. Levy - Mar 28, 2022 Form 4 Insider Report for COMMUNITY BANK SYSTEM, INC. (CBU)

Role
President, Commercial Banking
Signature
/s/ Danielle M. Cima, pursuant to a Confirming Statement executed by Jeffrey M. Levy
Stock symbol
CBU
Transactions as of
Mar 28, 2022
Transactions value $
-$15,029
Form type
4
Date filed
3/30/2022, 03:30 PM
Previous filing
Mar 16, 2022
Next filing
Mar 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CBU Common Stock Options Exercise $22.9K +386 +10.8% $59.41 3.96K Mar 28, 2022 Direct
transaction CBU Common Stock Options Exercise $29.3K +568 +14.34% $51.64 4.53K Mar 28, 2022 Direct
transaction CBU Common Stock Sale -$67.3K -954 -21.06% $70.54 3.58K Mar 28, 2022 Direct F1
holding CBU Common Stock 1.42K Mar 28, 2022 By 401(k) Plan F2

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 -386 -33.33% $0.00 772 Mar 28, 2022 Common Stock 386 $59.41 Direct F3
transaction CBU Stock Option Options Exercise $0 -568 -24.99% $0.00 1.71K Mar 28, 2022 Common Stock 568 $51.64 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.49 to $70.58, inclusive. The reporting person undertakes to provide Community Bank System, Inc., any security holder of Community Bank System, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 The number of shares reported herein acquired pursuant to Community Bank System, Inc.'s 401(k) Plan and are based on a current plan statement.
F3 The option vested ratably on March 20, 2020, 2021, 2022, 2023 and 2024.
F4 The option vested ratably on March 17, 2021, 2022, 2023, 2024 and 2025.