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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
723188	Community Bank System Inc.	CBU	National Commercial Banks (6021)	161213679

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1264817	R Brian Ace	C/O Community Bank System, Inc. 5790 Widewaters Parkway Dewitt NY 13214		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2017-09-26	5,457	$18.09	55,647	No	4	M	Direct
Common Stock	Disposition	2017-09-26	5,457	$53.35	50,190	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option	Disposition	2017-09-26	5,457	$0.00	5,457	$18.09

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2008-01-16	2018-01-16	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	134	Indirect	By Spouse

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Phantom Stock (Deferred Compensation)	$0.00			20,677	20,677	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	20,677	20,677	Direct

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.20 to $53.49, 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.
Each unit of phantom stock is the economic equivalent of one share of Community Bank System, Inc. common stock. The units of phantom stock relating to the Deferred Compensation Plan will be settled in Community Bank System, Inc. common stock at future dates selected by the reporting person.
Includes 137.274 and 131.1844 units of phantom stock acquired on April 10, 2017 and July 10, 2017, respectively, under the Deferred Compensation Plan's dividend reinvestment feature.