SEC Form 4 · accession 0001127602-18-028362
HERSHEY CO · HSY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patricia A Little
Officer — SVP, Chief Financial Officer
Period of report
Sep 24, 2018
Accepted (ET)
Sep 26, 2018 · 1:12 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 | Sep 24, 2018 | S | 1,447 | $103.60 | D | 37,086 | D | |
| Common Stock | Sep 24, 2018 | M | 16,142 | $90.39 | A | 53,228 | D | |
| Common StockF2 | Sep 24, 2018 | S | 14,428 | $102.889 | D | 38,800 | D | |
| Common StockF3 | Sep 24, 2018 | S | 1,714 | $103.428 | D | 37,086 | 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)F4 | $90.39 | Sep 24, 2018 | M | 16,142 | D | — | Feb 15, 2026 | Common Stock | 16,142 | 16,143 | D |
Explanation of responses
- F1The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 24, 2018.
- F2This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $102.230 to $103.220 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.
- F3This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $103.230 to $103.610. 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.
- F4The options will 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.