SEC Form 4 · accession 0001127602-16-052474
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
May 16, 2016
Accepted (ET)
May 17, 2016 · 3:54 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 | May 16, 2016 | S | 100 | $92.26 | D | 27,488 | D | |
| Common Stock | May 16, 2016 | M | 1,000 | $54.68 | A | 28,488 | D | |
| Common Stock | May 16, 2016 | S | 1,000 | $92.26 | D | 27,488 | D | |
| Common StockF2 | holding | — | — | — | 864 | 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 | May 16, 2016 | M | 1,000 | D | — | Apr 22, 2017 | Common Stock | 1,000 | 2,550 | 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 represents a reduction of 2.7938 shares allocated to the reporting person's account in the Company's 401(k) Plan ("Plan") as of April 30, 2016. To manage liquidity needs of the Plan, the Plan trustee from time-to-time maintains a lower overall share balance (versus cash) in the Plan, which in this instance resulted in a reduction in the number of shares allocated to the reporting person's account when compared to the reporting person's Form 4 filed on April 19, 2016. The information is based on a report dated May 2, 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.