X0304 4 2011-10-24 0000723188 COMMUNITY BANK SYSTEM INC CBU 0001485739 Whipple John F. 1692 GOODRICH AVENUE OLEAN NY 14760 1 Phantom Stock (Deferred Compensation) 2011-10-24 4 A 0 133.792 26.16 A Common Stock 133.792 6729.9789 D 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. Includes 67.2956 units of phantom stock acquired on October 7, 2011 under the Deferred Compensation Plan's dividend reinvestment feature. /s/ Donna J. Drengel, pursuant to a Confirming Statement executed by John F. Whipple, Jr. 2011-10-26