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*
DUNKLEBARGER EDDIE L

(Last) (First) (Middle)
960 SUNNYSIDE ROAD

(Street)
YORK PA 17404

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
COMMUNITY BANKS INC /PA/ [ CMTY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CEO
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2006
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)
Code V Amount (A) or (D) Price
Common Stock 108,531.929 D
Common Stock 22,634.985 I By 401(k) Plan
Common Stock 541 I By Wife
Common Stock 06/16/2006 G V 6,526.861 D $0 0(1) I By: Daughter/A(1)
Common Stock 6,580.093 I By: Daughter/S
Common Stock 06/15/2006 G V 6,526.861 D $0 0(1) I By: Son(1)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option $7.3333 01/21/1998 01/21/2007 Common Stock 13,871 13,871 D
Employee Stock Option $12.6857 11/30/2001 11/30/2010 Common Stock 22,973 22,973 D
Employee Stock Option $14 12/06/2000 12/06/2009 Common Stock 24,122 24,122 D
Employee Stock Option $14.0571 12/07/1999 12/07/2008 Common Stock 25,329 25,329 D
Employee Stock Option $14.5524 04/01/1998 01/20/2008 Common Stock 27,020 27,020 D
Employee Stock Option $18.0952 12/06/2002 12/06/2011 Common Stock 29,172 29,172 D
Employee Stock Option $20.0571 12/06/2003 12/06/2012 Common Stock 27,783 27,783 D
Employee Stock Option $27.4095 01/25/2007 01/25/2013 Common Stock 38,850 38,850 D
Employee Stock Option $27.5143 06/06/2005 12/06/2014 Common Stock 31,500 31,500 D
Employee Stock Option $28.9524 12/04/2004 12/04/2013 Common Stock 26,460 26,460 D
Explanation of Responses:
1. Children no longer minors and do not reside in Dunklebarger household.
Patricia E. Hoch, POA 07/13/2006
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.