X0202 4 2007-11-27 0001163345 PARTNERS TRUST FINANCIAL GROUP INC PRTR 0001194578 CALLAHAN RICHARD F 233 GENESEE STREET UTICA NY 13501 0 1 0 0 EVP Common Stock 2007-11-27 4 M 1 807 12.51 D 162247 D Common Stock 2007-11-27 4 M 0 1486 6.79 A 163733 D Incentive Stock Options (right-to-buy) 6.79 2007-11-27 4 M 0 1486 6.79 D 2007-10-10 2012-10-10 Common Stock 1486 104168 D Stock swap exercise using shares older than 6 months. Vest in five equal installments on 10/10/03, 10/10/04, 10/10/05, 10/10/06 and 10/10/07. Number of derivative securities following reported transaction(s): 0 - incentive stock options - direct; 104,168 non-qualified stock options - direct Richard F. Callahan, by Amie Estrella 2007-11-28