SEC Form 4 · accession 0001127602-16-068638
HERSHEY CO · HSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
D Michael Wege
Officer — SVP, GS, India, ME, Comm & CSR
Period of report
Nov 28, 2016
Accepted (ET)
Nov 30, 2016 · 1:28 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 28, 2016 | S | 100 | $97.98 | D | 26,888 | D | |
| Common Stock | Nov 28, 2016 | M | 1,000 | $35.87 | A | 27,888 | D | |
| Common StockF1 | Nov 28, 2016 | S | 1,000 | $98.08 | D | 26,888 | D | |
| Common StockF2 | holding | — | — | — | 875 | 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 | $35.87 | Nov 28, 2016 | M | 1,000 | D | — | Feb 12, 2018 | Common Stock | 1,000 | 3,890 | D |
Explanation of responses
- F1This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $98.077 to $98.08. 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.
- F2The total amount of securities reported as indirectly owned by the reporting person includes 1.1232 shares acquired from October 1, 2016 through October 31, 2016, pursuant to the Company's 401(k) Plan ("Plan"). The information is based on a report dated November 1, 2016, provided by the Plan Trustee.
- F3The options vested according to the following schedule: 25% vested on February 13, 2009, 25% vested on February 13, 2010, 25% vested on February 13, 2011 and 25% vested on February 13, 2012.