SEC Form 4 · accession 0001127602-17-021140
HERSHEY CO · HSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Terence L O'Day
Officer — SVP Chief Prod Supply Tech Off
Period of report
Jun 9, 2017
Accepted (ET)
Jun 12, 2017 · 11:38 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 9, 2017 | M | 37,875 | $51.42 | A | 75,303 | D | |
| Common StockF2 | Jun 9, 2017 | S | 37,875 | $113.881 | D | 37,428 | 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 | $51.42 | Jun 9, 2017 | M | 37,875 | D | — | Feb 21, 2021 | Common Stock | 37,875 | 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 8, 2017.
- F2This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $113.260 to $114.160. 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 22, 2012, 25% vested on February 22, 2013, 25% vested on February 22, 2014 and 25% vested on February 22, 2015.