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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
1486056	J. Mark Bolus	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	Disposition	2018-06-27	3,693	$60.39	66,759	No	4	S	Direct

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

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Phantom Stock (Deferred Compensation)	Acquisiton	2018-06-28	292	$59.55	292	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
4,115			No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	6,411	Indirect	By Mark Bolus Trust
Common Stock	194	Indirect	By daughter, Taylor Bolus
Common Stock	194	Indirect	By daughter, Paige Bolus
Common Stock	194	Indirect	By son, Austin Bolus
Common Stock	194	Indirect	By son, Noah Bolus
Common Stock	4,686	Indirect	By Taylor Bolus Trust
Common Stock	4,686	Indirect	By Paige Bolus Trust
Common Stock	4,687	Indirect	By Austin Bolus Trust
Common Stock	4,687	Indirect	By Noah Bolus Trust

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Phantom Stock (Deferred Stock Units)	$0.00			1,532	1,532	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	1,532	1,532	Direct

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.61 to $61.10, 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.
The number of units of phantom stock reflects the current balance, including dividends acquired under the Deferred Compensation Plan's dividend reinvestment feature.
The reporting person has received deferred stock units under the Community Bank System, Inc. 2014 Long-Term Incentive Plan. Each phantom stock unit which represents a deferred stock unit is the economic equivalent of one share of Community Bank System, Inc. common stock and will be settled in common stock at a predetermined date.
The number of units of phantom stock reflects the current balance, including dividends acquired under the Community Bank System, Inc. 2014 Long-Term Incentive Plan's dividend reinvestment feature.