X0303 4 2011-02-07 0 0000796317 ALLIANCE FINANCIAL CORP /NY/ ALNC 0001242556 OGDEN MARGARET G 215 SCOTTHOLM ROAD SYRACUSE NY 13224 1 0 0 0 Stock Unit 2011-02-07 4 A 0 13.544 31.029 A Common Stock 13.544 3462.164 D Eash 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. /s/ Judy A. Schultz as Power of Attorney 2011-02-09