George J. Getman - Dec 22, 2021 Form 4 Insider Report for COMMUNITY BANK SYSTEM, INC. (CBU)

Role
Executive VP & General Counsel
Signature
Danielle M. Cima, pursuant to a Confirming Statement executed by George J. Getman
Stock symbol
CBU
Transactions as of
Dec 22, 2021
Transactions value $
-$253,016
Form type
4
Date filed
12/23/2021, 01:07 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 $268K +7.1K +17.97% $37.77 46.6K Dec 22, 2021 Direct
transaction CBU Common Stock Sale -$521K -7.1K -15.24% $73.42 39.5K Dec 22, 2021 Direct F1
holding CBU Common Stock 895 Dec 22, 2021 By Spouse
holding CBU Common Stock 6.51K Dec 22, 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 -7.1K -100% $0.00* 0 Dec 22, 2021 Common Stock 7.1K $37.77 Direct F2
* 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 $73.20 to $73.71, 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 option vested ratably on March 19, 2015, 2016, 2017, 2018, and 2019.