SEC Form 4 · accession 0001127602-16-066547
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
Nov 8, 2016
Accepted (ET)
Nov 9, 2016 · 1:21 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 | Nov 8, 2016 | M | 21,011 | $72.44 | A | 91,622 | D | |
| Common StockF1 | Nov 8, 2016 | S | 21,011 | $102.49 | D | 70,611 | D | |
| Common Stock | Nov 8, 2016 | M | 19,117 | $81.73 | A | 89,728 | D | |
| Common StockF2 | Nov 8, 2016 | S | 19,117 | $101.92 | D | 70,611 | 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 | $72.44 | Nov 8, 2016 | M | 21,011 | D | — | Jul 8, 2022 | Common Stock | 21,011 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F4 | $81.73 | Nov 8, 2016 | M | 19,117 | D | — | Feb 18, 2023 | Common Stock | 19,117 | 6,373 | D |
Explanation of responses
- F1This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $102.45 to $102.61. 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.
- F2This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $101.7659 to $102.05. 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 July 9, 2013, 25% vested on July 9, 2014, 25% vested on July 9, 2015 and 25% vested on July 9, 2016.
- F4The options vest according to the following schedule: 25% vested on February 19, 2014, 25% vested on February 19, 2015, 25% vested on February 19, 2016 and 25% will vest on February 19, 2017.