FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Lucido David J		 2. Issuer Name and Ticker or Trading Symbol

CORTLAND BANCORP INC [ CLDB ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
SVP & CFO
(Last)          (First)          (Middle)

194 WEST MAIN ST		 3. Date of Earliest Transaction (MM/DD/YYYY)

10/26/2021
(Street)

CORTLAND, OH 44410
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
 6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Cortland Bancorp Common Stock 10/26/2021  F  2361 (1)D$28.10 0 D  
Cortland Bancorp Common Stock         15537.573 I 401-K/Unitized Fund 
Cortland Bancorp Common Stock         15891.976 (2)I David J. Lucido/Tina M. Lucido Revocable Grantor Trust 
Cortland Bancorp Common Stock         1096.468 I Tina M. Lucido/David J. Lucido Revocable Grantor Trust 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)		8. Price of Derivative Security
(Instr. 5)		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
(1) Represents the accelerated vesting of 8,477 shares of restricted stock, initially scheduled to vest upon a change in control of Cortland Bancorp, on October 26, 2021.
(2) Includes shares that were vested from direct ownership to indirect ownership.
Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Lucido David J
194 WEST MAIN ST
CORTLAND, OH 44410

SVP & CFO
Signatures
David J. Lucido10/26/2021
**Signature of Reporting PersonDate
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