SEC Form 4 · accession 0001127602-17-003886
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
Feb 1, 2017
Accepted (ET)
Feb 3, 2017 · 4:18 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 | Feb 1, 2017 | M | 2,000 | $60.68 | A | 157,210 | D | |
| Common Stock | Feb 1, 2017 | S | 2,000 | $105.29 | D | 155,210 | D | |
| Common StockF2 | holding | — | — | — | 173 | 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 | $60.68 | Feb 1, 2017 | M | 2,000 | D | — | Feb 20, 2022 | Common Stock | 2,000 | 13,007 | 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 August 31, 2016.
- F2The total amount of securities reported as indirectly owned by the reporting person represents a reduction of .1733 shares allocated to the reporting person's account in the Company's 401(k) Plan ("Plan") as of January 31, 2017. 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 January 4, 2017. The information is based on a report dated February 1, 2017, provided by the Plan trustee.
- F3The options vested according to the following schedule: 25% vested on February 21, 2013, 25% vested on February 21, 2014, 25% vested on February 21, 2015 and 25% vested on February 21, 2016.