X0303 4 2011-02-07 0 0000796317 ALLIANCE FINANCIAL CORP /NY/ ALNC 0001244578 SEIFTER LOWELL A 6222 QUINTARD ROAD JAMESVILLE NY 13078 1 0 0 0 Stock Unit 2011-02-07 4 A 0 173.644 31.029 A Common Stock 173.644 5674.93 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. /s/ Judy A. Schultz as Power of Attorney 2011-02-09