SEC Form 4 · accession 0001127602-17-020437
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 1, 2017
Accepted (ET)
Jun 5, 2017 · 8:29 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 1, 2017 | M | 22,065 | $60.68 | A | 54,789 | D | |
| Common StockF2 | Jun 1, 2017 | S | 22,065 | $115.058 | D | 32,724 | 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 | $60.68 | Jun 1, 2017 | M | 22,065 | D | — | Feb 20, 2022 | Common Stock | 22,065 | 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 1, 2017.
- F2This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $114.860 to $115.590. 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 February 21, 2013, 25% vested on February 21, 2014, 25% vested on February 21, 2015 and 25% vested on February 21, 2016.