SEC Form 4 · accession 0001127602-16-042222
HERSHEY CO · HSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
D Michael Wege
Officer — SVP, CAO
Period of report
Feb 16, 2016
Accepted (ET)
Feb 18, 2016 · 5:00 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 16, 2016 | S | 100 | $90.00 | D | 24,250 | D | |
| Common Stock | Feb 16, 2016 | M | 1,000 | $54.68 | A | 25,250 | D | |
| Common Stock | Feb 16, 2016 | S | 1,000 | $90.00 | D | 24,250 | D | |
| Common Stock | Feb 16, 2016 | A | 4,116 | $0.00 | A | 28,366 | D | |
| Common Stock | Feb 16, 2016 | F | 579 | $90.39 | D | 27,787 | D | |
| Common StockF2 | holding | — | — | — | 862 | I | 401(k) Plan |
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)F3 | $54.68 | Feb 16, 2016 | M | 1,000 | D | — | Apr 22, 2017 | Common Stock | 1,000 | 5,550 | D |
| Non-qualified Stock Option (Right to Buy)F4 | $90.39 | Feb 16, 2016 | A | 17,955 | A | — | Feb 15, 2026 | Common Stock | 17,955 | 17,955 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 23, 2015.
- F2The total amount of securities reported as indirectly owned by the reporting person includes 1.7405 shares acquired from January 1, 2016 through January 31, 2016, pursuant to the Company's 401(k) Plan ("Plan"). The information is based on a report dated February 1, 2016, provided by the Plan Trustee.
- F3The options vested according to the following schedule: 25% vested on April 23, 2008, 25% vested on April 23, 2009, 25% vested on April 23, 2010 and 25% vested on April 23, 2011.
- F4Options vest according to the following schedule: 25% vest on the first anniversary of the grant date, an additional 25% vest on the second anniversary of the grant date, an additional 25% vest on the third anniversary of the grant date, and the options become fully vested on the fourth anniversary of the grant date.