SEC Form 4 · accession 0001127602-19-008310
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
Feb 25, 2019
Accepted (ET)
Feb 26, 2019 · 1:12 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 | Feb 25, 2019 | S | 724 | $109.403 | D | 36,049 | D | |
| Common Stock | Feb 25, 2019 | M | 8,071 | $90.39 | A | 44,120 | D | |
| Common StockF2 | Feb 25, 2019 | S | 8,071 | $109.284 | D | 36,049 | D | |
| Common Stock | Feb 25, 2019 | M | 5,434 | $107.95 | A | 41,483 | D | |
| Common StockF3 | Feb 25, 2019 | S | 5,434 | $109.325 | D | 36,049 | D | |
| Common Stock | Feb 25, 2019 | M | 5,550 | $99.90 | A | 41,599 | D | |
| Common StockF4 | Feb 25, 2019 | S | 5,550 | $109.269 | D | 36,049 | 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)F5 | $90.39 | Feb 25, 2019 | M | 8,071 | D | — | Feb 15, 2026 | Common Stock | 8,071 | 8,072 | D |
| Non-qualified Stock Option (Right to Buy)F6 | $107.95 | Feb 25, 2019 | M | 5,434 | D | — | Feb 21, 2027 | Common Stock | 5,434 | 16,301 | D |
| Non-qualified Stock Option (Right to Buy)F7 | $99.90 | Feb 25, 2019 | M | 5,550 | D | — | Feb 19, 2028 | Common Stock | 5,550 | 16,650 | D |
Explanation of responses
- F1This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $109.388 to $109.428. 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 $109.175 to $109.515. 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 $109.230 to $109.515. 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.
- F4This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $109.160 to $109.400. 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.
- F5The options vest according to the following schedule: 25% vested on February 16, 2017, 25% vested on February 16, 2018, 25% vested on February 16, 2019 and 25% will vest on February 16, 2020.
- F6The options vest according to the following schedule: 25% vested on February 21, 2018, 25% vested on February 21, 2019, 25% will vest on February 21, 2020 and 25% will vest on February 21, 2021.
- F7The options vest according to the following schedule: 25% vested on February 19, 2019, 25% will vest on February 19, 2020, 25% will vest on February 19, 2021 and 25% will vest on February 19, 2022.