SEC Form 4 · accession 0001127602-15-007623
HERSHEY CO · HSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leslie M Turner
Officer — SVP, GC and Secretary
Period of report
Feb 20, 2015
Accepted (ET)
Feb 23, 2015 · 2:48 pm EST
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 | Feb 20, 2015 | S | 959 | $107.173 | D | 32,761 | D | |
| Common Stock | Feb 20, 2015 | M | 7,004 | $72.44 | A | 39,765 | D | |
| Common StockF1 | Feb 20, 2015 | S | 7,004 | $107.173 | D | 32,761 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified Stock Option (Right to Buy)F2 | $72.44 | Feb 20, 2015 | M | 7,004 | D | — | Jul 8, 2022 | Common Stock | 7,004 | 21,011 | D |
Explanation of responses
- F1This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $107.160 to $107.173. Upon the request of the SEC staff, the issuer or a security holder of the issuer, the reporting person undertakes to provide information regarding the number of shares sold at each separate price.
- F2The options vest according to the following schedule: 25% vested on July 9, 2013, 25% vested on July 9, 2014, 25% will vest on July 9, 2015 and 25% will vest on July 9, 2016.