X0304 4 2012-02-22 0 0000796317 ALLIANCE FINANCIAL CORP /NY/ ALNC 0001242572 WEBB JACK H 5216 DUANE DRIVE FAYETTEVEILLE NY 13066 1 1 0 1 Chairman, President & CEO President & CEO of Subsidi Common Stock 2012-02-22 4 D 0 322 30.01 D 52951.325 D Common Stock 100 I By Spouse - Linda Webb Common Stock 200 I By Daughter - Kristen Webb The disposition reported on this Form 4 reflects the withholding of taxes upon vesting of restricted shares. These restricted shares were granted on February 22, 2011. The reporting person disclaims ownership of these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purpose of Section 16 or otherwise. /s/ Judy A. Schultz as Power of Attorney 2012-02-24