SEC Form 4 · accession 0001127602-17-032042
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
Nov 13, 2017
Accepted (ET)
Nov 14, 2017 · 4:25 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 StockF1 | Nov 13, 2017 | S | 10,393 | $108.188 | D | 17,173 | D | |
| Common Stock | Nov 13, 2017 | M | 5,124 | $39.26 | A | 22,297 | D | |
| Common StockF2 | Nov 13, 2017 | S | 5,124 | $108.159 | D | 17,173 | D | |
| Common StockF3 | holding | — | — | — | 893 | 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)F4 | $39.26 | Nov 13, 2017 | M | 5,124 | D | — | Feb 22, 2020 | Common Stock | 5,124 | 15,371 | D |
Explanation of responses
- F1This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $108.125 to $108.245. 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.
- F2This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $108.12 to $108.21. 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 total amount of securities reported as indirectly owned by the reporting person represents a reduction of 2.0538 shares allocated to the reporting person's account in the Company's 401(k) Plan ("Plan") as of October 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 October 18, 2017. The information is based on a report dated November 1, 2017, provided by the Plan trustee.
- F4The options vested according to the following schedule: 25% vested on February 23, 2011, 25% vested on February 23, 2012, 25% vested on February 23, 2013 and 25% vested on February 23, 2014.