FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

WEST DAVID J
2. Issuer Name and Ticker or Trading Symbol

HERSHEY CO [ HSY ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Executive Vice President
(Last)          (First)          (Middle)

100 CRYSTAL A DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

5/25/2011
(Street)

HERSHEY, PA 17033
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   5/25/2011     M    64100   A $32.25   190131   D    
Common Stock   5/25/2011     S    64100   D $54.1377   126031   D    
Common Stock   5/25/2011     M    54100   A $37.755   180131   D    
Common Stock   5/25/2011     S    54100   D $54.1986   126031   D    
Common Stock   5/25/2011     M    29050   A $52.30   155081   D    
Common Stock   5/25/2011     S    29050   D $54.2832   126031   D    
Common Stock   5/25/2011     M    28050   A $45.78   154081   D    
Common Stock   5/25/2011     S    28050   D $54.076   126031   D    
Common Stock   5/25/2011     M    181455   A $35.87   307486   D    
Common Stock   5/25/2011     S    181455   D $54.0852   126031   D    
Common Stock   5/25/2011     M    141245   A $34.89   267276   D    
Common Stock   5/25/2011     S    141245   D $54.0786   126031   D    
Common Stock   5/25/2011     M    73100   A $39.26   199131   D    
Common Stock   5/25/2011     S    73100   D $54.0383   126031   D    
Common Stock   5/26/2011     S    120031   D $54.0243   6000   D    
Common Stock   5/26/2011     G   V 6000   D $0   0   D    
Common Stock                  926.418   (1) I   401(k) Plan  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-qualified Stock Option (Right to Buy)   (2) $32.25   5/25/2011     M         64100      (3) 2/2/2013   Common Stock   64100   $0   0   D    
Non-qualified Stock Option (Right to Buy)   (4) $37.755   5/25/2011     M         54100      (5) 2/1/2014   Common Stock   54100   $0   0   D    
Non-qualified Stock Option (Right to Buy)   $52.30   5/25/2011     M         29050      (6) 2/15/2016   Common Stock   29050   $0   0   D    
Non-qualified Stock Option (Right to Buy)   $45.78   5/25/2011     M         28050      (7) 10/1/2017   Common Stock   28050   $0   9350   D    
Non-qualified Stock Option (Right to Buy)   $35.87   5/25/2011     M         181455      (8) 2/12/2018   Common Stock   181455   $0   60485   D    
Non-qualified Stock Option (Right to Buy)   $34.89   5/25/2011     M         141245      (9) 2/16/2019   Common Stock   141245   $0   141245   D    
Non-qualified Stock Option (Right to Buy)   $39.26   5/25/2011     M         73100      (10) 2/22/2020   Common Stock   73100   $0   219300   D    

Explanation of Responses:
( 1)  The total amount of securities reported as indirectly owned by the reporting person includes 8.478 shares acquired from February 1, 2011 through April 29, 2011, pursuant to the Company's 401(k) Plan ("Plan"). The information is based on a report dated May 2, 2011, provided by the Plan trustee.
( 2)  These options are from an option grant previously reported as 32,050 options at an exercise price of $64.50. The option grants were adjusted to reflect the two-for-one stock split on June 15, 2004.
( 3)  The options vested according to the following schedule: 25% vested on February 3, 2004; 25% vested on February 3, 2005; 25% vested on February 3, 2006 and 25% vested on February 3, 2007.
( 4)  These options are from an option grant previously reported as 27,050 options at an exercise price of $75.51. The option grants were adjusted to reflect the two-for-one stock split on June 15, 2004.
( 5)  The options vested according to the following schedule: 25% vested on February 2, 2005; 25% vested on February 2, 2006; 25% vested on February 2, 2007 and 25% vested on February 2, 2008.
( 6)  The options vested according to the following schedule: 25% vested on February 16, 2007; 25% vested on February 16, 2008; 25% vested on February 16, 2009 and 25% vested on February 16, 2010.
( 7)  The options vested according to the following schedule: 25% vested on October 2, 2008; 25% vested on October 2, 2009; and 25% vested on October 2, 2010. Options scheduled to vest on October 2, 2011 will be forfeited.
( 8)  The options vested according to the following schedule: 25% vested on February 13, 2009; 25% vested on February 13, 2010; and 25% vested on February 13, 2011. Options scheduled to vest on February 13, 2012 will be forfeited.
( 9)  The options vested according to the following schedule: 25% vested on February 17, 2010 and 25% vested on February 17, 2011. Options scheduled to vest on February 17, 2012 and February 17, 2013 will be forfeited.
( 10)  The options vested according to the following schedule: 25% vested on February 23, 2011. Options scheduled to vest on February 23, 2012; February 23, 2013 and February 23, 2014 will be forfeited.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
WEST DAVID J
100 CRYSTAL A DRIVE
HERSHEY, PA 17033
X
Executive Vice President

Signatures
/s/ Bonnie S. Martin, Attorney-in-Fact for David J. West 5/27/2011
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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