Brian R. Ace - Dec 22, 2022 Form 4 Insider Report for COMMUNITY BANK SYSTEM, INC. (CBU)

Role
Director
Signature
/s/ Danielle M. Cima, pursuant to a Confirming Statement executed by Brian R. Ace
Stock symbol
CBU
Transactions as of
Dec 22, 2022
Transactions value $
-$127,551
Form type
4
Date filed
3/3/2023, 03:05 PM
Previous filing
Mar 17, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CBU Common Stock Gift $0 -8.33K -12.24% $0.00 59.7K Dec 22, 2022 Direct F1, F2
transaction CBU Common Stock Options Exercise $124K +4.15K +6.58% $29.79 67.2K Mar 1, 2023 Direct
transaction CBU Common Stock Sale -$251K -4.15K -6.18% $60.54 63K Mar 1, 2023 Direct F3
holding CBU Common Stock 156 Dec 22, 2022 By Spouse F4

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 -4.15K -89.57% $0.00 483 Mar 1, 2023 Common Stock 4.15K $29.79 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Gift to charitable trust.
F2 Includes 919 shares acquired pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.5003 to $60.5623, 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.
F4 Includes four shares acquired pursuant to the Community Bank System, Inc. Dividend Reinvestment Plan