SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SUTARIS JOSEPH E

(Last)

(First)

(Middle)

C/O THE WILBER CORPORATION

245 MAIN STREET

(Street)

ONEONTA

13820

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Wilber CORP [ GIW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP & CFO

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2011

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/08/2011⁽¹⁾		J		314	D	$0⁽¹⁾	1,355	D
Common Stock	04/08/2011⁽¹⁾		J		1,355	D	$0⁽¹⁾	0	I	by Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Units	$0⁽²⁾	04/08/2011		J			406	04/08/2011	04/08/2011	Phantom Stock Units	406	$0	0	I	By Deferred Comp Plan

Explanation of Responses:

1. On April 8, 2011, The Wilber Corporation ("Wilber") merged with and into Community Bank System, Inc. ("Community"). Pursuant to the Agreement and Plan of Merger dated as October 22, 2010 between Wilber and Community, shareholders of Wilber may elect to receive, for each share of Wilber common stock owned, either (i) $9.50 cash; (ii) 0.391 of a share of common stock of Community or (iii) a mixture of 20% cash and 80% Community common stock based upon the aforementioned cash consideration and exchange ratio. The reporting person in this Form 4 and all other Wilber shareholders have until May 4, 2011 to make an election as to the merger consideration; therefore the disposition price is unknown at this time.

2. Pursuant to the merger of Wilber with and into Community, the Wilber phantom stock units owned by this reporting person will be exchanged for phantom stock units of Community (and held under Community's Deferred Stock Plan) based upon the merger exchange ratio of 0.391.

	/s/Joseph E. Sutaris	04/08/2011
	** Signature of Reporting Person	Date
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