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, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

DUNKLEBARGER EDDIE L 		2. Issuer Name and Ticker or Trading Symbol

COMMUNITY BANKS INC /PA/ [ CMTY ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
CEO
(Last)          (First)          (Middle)

960 SUNNYSIDE ROAD 		3. Date of Earliest Transaction (MM/DD/YYYY)

9/24/2007
(Street)

YORK, PA 17404
(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
Common Stock   9/24/2007     G   V 350   D $0   120667.14   D    
Common Stock                  23742.746   I   By 401(k) Plan  
Common Stock                  35541   I   By Wife  
Common Stock                  6743.692   I   By: Daughter/S  

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 Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. 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 Date 7. 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option   $12.6857                   11/30/2001   11/30/2010   Common Stock   6816     6816   D    
Employee Stock Option   $14                   12/6/2000   12/6/2009   Common Stock   15190     15190   D    
Employee Stock Option   $14.0571                   12/7/1999   12/7/2008   Common Stock   11340     11340   D    
Employee Stock Option   $14.5524                   4/1/1998   1/20/2008   Common Stock   27020     27020   D    
Employee Stock Option   $18.0952                   12/6/2002   12/6/2011   Common Stock   24172     24172   D    
Employee Stock Option   $20.0571                   12/6/2003   12/6/2012   Common Stock   27783     27783   D    
Employee Stock Option   $24.52                   1/22/2008   1/22/2014   Common Stock   40000     40000   D    
Employee Stock Option   $27.4095                   1/25/2007   1/25/2013   Common Stock   38850     38850   D    
Employee Stock Option   $27.5143                   6/6/2005   12/6/2014   Common Stock   31500     31500   D    
Employee Stock Option   $28.9524                   12/4/2004   12/4/2013   Common Stock   26460     26460   D    

Explanation of Responses:

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
DUNKLEBARGER EDDIE L
960 SUNNYSIDE ROAD
YORK, PA 17404

CEO

Signatures
Richard A. Soulies, POA 9/25/2007
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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