SEC Form 4 · accession 0001127602-17-012118
HERSHEY CO · HSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
D Michael Wege
Officer — SVP, Chief Admin Officer
Period of report
Mar 15, 2017
Accepted (ET)
Mar 17, 2017 · 1:31 pm 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 | Mar 15, 2017 | S | 100 | $108.72 | D | 28,505 | D | |
| Common Stock | Mar 15, 2017 | M | 890 | $35.87 | A | 29,395 | D | |
| Common Stock | Mar 15, 2017 | S | 890 | $108.72 | D | 28,505 | D | |
| Common Stock | Mar 15, 2017 | M | 110 | $34.89 | A | 28,615 | D | |
| Common Stock | Mar 15, 2017 | S | 110 | $108.72 | D | 28,505 | D | |
| Common Stock | Mar 16, 2017 | F | 239 | $109.47 | D | 28,266 | D | |
| Common StockF2 | holding | — | — | — | 880 | 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 | Mar 15, 2017 | M | 890 | D | — | Feb 12, 2018 | Common Stock | 890 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F4 | $34.89 | Mar 15, 2017 | M | 110 | D | — | Feb 16, 2019 | Common Stock | 110 | 21,440 | 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 November 22, 2016.
- F2The total amount of securities reported as indirectly owned by the reporting person represents a reduction of 1.1625 shares allocated to the reporting person's account in the Company's 401(k) Plan ("Plan") as of February 28, 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 February 24, 2017. The information is based on a report dated March 1, 2017, 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.
- F4The options vested according to the following schedule: 25% vested on February 17, 2010, 25% vested on February 17, 2011, 25% vested on February 17, 2012 and 25% vested on February 17, 2013.