SEC Form 4 · accession 0001127602-16-055544
HERSHEY CO · HSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin R Walling
Officer — SVP Chief HR Officer
Period of report
Jun 13, 2016
Accepted (ET)
Jun 15, 2016 · 8:46 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 13, 2016 | M | 13,568 | $55.12 | A | 43,783 | D | |
| Common StockF2 | Jun 13, 2016 | S | 13,568 | $96.12 | D | 30,215 | 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)F3 | $55.12 | Jun 13, 2016 | M | 13,568 | D | — | Jun 13, 2021 | Common Stock | 13,568 | 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 May 12, 2016.
- F2This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $95.99 to $96.45. 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 options vested according to the following schedule: 25% vested on June 14, 2012, 25% vested on June 14, 2013, 25% vested on June 14, 2014 and 25% vested on June 14, 2015.