SEC Form 4 · accession 0000938543-17-000003
HERSHEY CO · HSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Period of report
Aug 24, 2017
Accepted (ET)
Aug 25, 2017 · 2:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000047111
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $1.00 par valueF1,F3 | Aug 24, 2017 | S | 3,000,000 | $106.01 | D | 9,753,521 | D | |
| Common Stock, $1.00 par valueF2,F3 | Aug 24, 2017 | S | 1,500,000 | $106.01 | D | 8,253,521 | D | |
| Common Stock, $1.00 par valueF3 | holding | — | — | — | 149,500 | I | By Hershey Trust Company |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common Stock, $1.00 par valueF4,F3,F5 | $105.52 | holding | — | — | — | Aug 24, 2017 | Dec 31, 2050 | Common Stock, $1.00 par value | 60,612,012 | 60,612,012 | D |
Explanation of responses
- F1Shares sold by the Milton Hershey School Trust in an open market transaction.
- F2Shares sold by the Milton Hershey School Trust in a private sale to The Hershey Company
- F3Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust
- F4All shares of Class B common stock, $1.00 par value, are convertible share-for-share into common stock, $1.00 par value, at any time, and without payment other than for the fact of conversion. There is no expiration date.
- F5Conversion price is the current market price ($105.52 represents the closing price on 8/24/2017).