SEC Form 4 · accession 0001127602-18-025869
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
Aug 17, 2018
Accepted (ET)
Aug 21, 2018 · 11:00 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 | Aug 17, 2018 | M | 22,265 | $81.73 | A | 57,611 | D | |
| Common StockF1 | Aug 17, 2018 | S | 22,265 | $101.16 | D | 35,346 | D | |
| Common Stock | Aug 17, 2018 | M | 8,570 | $90.39 | A | 43,916 | D | |
| Common StockF2 | Aug 17, 2018 | S | 8,570 | $101.242 | D | 35,346 | 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 | $81.73 | Aug 17, 2018 | M | 22,265 | D | — | Feb 18, 2023 | Common Stock | 22,265 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F4 | $90.39 | Aug 17, 2018 | M | 8,570 | D | — | Feb 15, 2026 | Common Stock | 8,570 | 8,570 | D |
Explanation of responses
- F1This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $101.00 to $101.51. 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 $101.03 to $101.47. 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 19, 2014, 25% vested on February 19, 2015, 25% vested on February 19, 2016 and 25% vested on February 19, 2017.
- F4The options vest according to the following schedule: 25% vested on February 16, 2017, 25% vested on February 16, 2018, 25% will vest on February 16, 2019 and 25% will vest on February 16, 2020.