Levy Jeffrey M's Form 4/A amendment
AmendedCommunity Financial System, Inc. (CBU) · filed Mar 15, 2023
- Accession no.
- 0001127602-23-010257
- Filed
- Mar 15, 2023
- Trade date
- Mar 15, 2022
- Filing delay
- 365 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
- Original filed
- Mar 30, 2022
This filing lists 1 derivative transaction. It carries over 5 transactions from the original filing that it did not restate. Open-market sales total $67.3K. It was filed 365 days after the trade.
This amendment restates part of 0001127602-22-010644 (filed Mar 30, 2022). The transactions it did not restate still count and are listed below.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Levy Jeffrey MCIK 0001384972 | Officer (President, Commercial Banking) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
This filing has no transactions of this kind.
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 15, 2022 | Common Stock | AGrant or awardAcquired | +1,940 | $0.00 | $0 | 1,940 | Direct |
Carried over from the original filing
This amendment restates only part of the original filing. The original's other transactions still stand, and the trade tables on Livermore count them under this amendment.
From 0001127602-22-010644 (filed Mar 30, 2022).
Non-derivative securities (Table I)
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 28, 2022 | Common Stock | MOption exerciseAcquired | +386 | $59.41 | +$22,932.26 | 3,961 | Direct | |
| Mar 28, 2022 | Common Stock | MOption exerciseAcquired | +568 | $51.64 | +$29,331.52 | 4,529 | Direct | |
| Mar 28, 2022 | Common Stock | SSaleDisposed | −954 | $70.54F1 | −$67,295.16 | 3,575 | Direct |
Derivative securities (Table II)
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 28, 2022 | Common Stock | MOption exerciseDisposed | −386 | $0.00 | $0 | 772 | Direct | |
| Mar 28, 2022 | Common Stock | MOption exerciseDisposed | −568 | $0.00 | $0 | 1,705 | Direct |
Footnotes on the original
The footnotes that the prices of these transactions refer to on the original filing.
- 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.
Referenced by the price of 1 transaction in Table I.
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
This amendment is filed to correct the exercise price of the stock option which was originally reported as $72.51. The correct exercise price is $71.78 as set forth in this amendment.
- F2
The option vests ratably on March 15, 2023, 2024, 2025, 2026, and 2027.