X0303 4 2011-02-07 0 0000796317 ALLIANCE FINANCIAL CORP /NY/ ALNC 0001242569 SPAULDING CHARLES H 4456 COSMOS HILL ROAD CORTLAND NY 13045 1 0 0 0 Stock Unit 2011-02-07 4 A 0 83.716 31.029 A Common Stock 83.716 10133.413 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 to the Alliance Financial Corporation Stock-Based Plan /s/ Judy A. Schultz as Power of Attorney 2011-02-09