X0303 4 2010-08-05 0 0000796317 ALLIANCE FINANCIAL CORP /NY/ ALNC 0001244578 SEIFTER LOWELL A 6222 QUINTARD ROAD JAMESVILLE NY 13078 1 0 0 0 Stock Unit 2010-08-05 4 A 0 79.617 30.1961 A Common Stock 79.617 5077.532 D Each Stock Unit is equal to one share of Alliance Financial Corporation stock. Stock Units are payable in Common Stock upon the reporting person's termination of service pursuant to the Alliance Financial Corporation Stock-Based Plan. Cumulative shares have been increased from the previous filing by 59.88 shares due to a typographical error. /s/ Judy A. Schultz as Power of Attorney 2010-08-09