SEC Form 4 · accession 0001127602-16-055371
HERSHEY CO · HSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michele Buck
Officer — EVP, Chief Operating Officer
Period of report
Jun 9, 2016
Accepted (ET)
Jun 13, 2016 · 10:12 am 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 | Jun 9, 2016 | M | 10,369 | $51.42 | A | 165,579 | D | |
| Common StockF2 | Jun 9, 2016 | S | 10,369 | $96.47 | D | 155,210 | D | |
| Common StockF3 | holding | — | — | — | 170 | 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)F4 | $51.42 | Jun 9, 2016 | M | 10,369 | D | — | Feb 21, 2021 | Common Stock | 10,369 | 0 | 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 October 30, 2015.
- F2This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $96.469 to $96.52. 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.
- F3The total amount of securities reported as indirectly owned by the reporting person includes .3055 shares acquired from February 1, 2016 through May 31, 2016, pursuant to the Company's 401(k) Plan ("Plan"). The information is based on a report dated June 1, 2016, provided by the Plan Trustee.
- F4The options vested according to the following schedule: 25% vested on February 22, 2012, 25% vested on February 22, 2013, 25% vested on February 22, 2014 and 25% vested on February 22, 2015.