Statement of Changes in Beneficial Ownership (4)
September 10 2021 - 9:15AM
Edgar (US Regulatory)
FORM 4
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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 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Riggs Kristen J |
2. Issuer Name and Ticker or Trading Symbol
HERSHEY CO
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HSY
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) SVP, Chief Growth Officer |
(Last)
(First)
(Middle)
19 EAST CHOCOLATE AVENUE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
9/8/2021 |
(Street)
HERSHEY, PA 17033
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 9/8/2021 | | S(1) | | 810 | D | $176.004 (2) | 7077 | D | |
Common Stock | 9/8/2021 | | S(1) | | 534 | D | $176.545 (3) | 6543 | D | |
Common Stock | 9/8/2021 | | M | | 786 | A | $99.90 | 7329 | D | |
Common Stock | 9/8/2021 | | S(1) | | 471 | D | $175.973 (4) | 6858 | D | |
Common Stock | 9/8/2021 | | S(1) | | 315 | D | $176.541 (5) | 6543 | D | |
Common Stock | 9/8/2021 | | M | | 444 | A | $90.39 | 6987 | D | |
Common Stock | 9/8/2021 | | S(1) | | 280 | D | $175.988 (6) | 6707 | D | |
Common Stock | 9/8/2021 | | S(1) | | 164 | D | $176.544 (7) | 6543 | D | |
Common Stock | 9/8/2021 | | M | | 1344 | A | $107.95 | 7887 | D | |
Common Stock | 9/8/2021 | | S(1) | | 753 | D | $176.001 (8) | 7134 | D | |
Common Stock | 9/8/2021 | | S(1) | | 447 | D | $176.562 (9) | 6687 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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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) | $99.90 | 9/8/2021 | | M | | | 786 | (10) | 2/19/2028 | Common Stock | 786 | $0 | 608 | D | |
Non-qualified Stock Option (Right to Buy) | $90.39 | 9/8/2021 | | M | | | 444 | (11) | 2/15/2026 | Common Stock | 444 | $0 | 0 | D | |
Non-qualified Stock Option (Right to Buy) | $107.95 | 9/8/2021 | | M | | | 1344 | (12) | 2/21/2027 | Common Stock | 1344 | $0 | 0 | D | |
Explanation of Responses: |
(1) | The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 4, 2021. |
(2) | This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $175.420 to $176.350. 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. |
(3) | This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $176.460 to $176.640. 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. |
(4) | This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $175.400 to $176.260. 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. |
(5) | This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $176.450 to $176.630. 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. |
(6) | This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $175.400 to $176.210. 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. |
(7) | This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $176.410 to $176.660. 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. |
(8) | This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $175.400 to $176.280. 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. |
(9) | This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $175.430 to $176.630. 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. |
(10) | The options vest according to the following schedule: 25% vested on February 20, 2019, 25% vested on February 20, 2020, 25% vested on February 20, 2021 and 25% will vest on February 20, 2022. |
(11) | The options vested 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% vested on February 16, 2020. |
(12) | The options vested according to the following schedule: 25% vested on February 22, 2018, 25% vested on February 22, 2019, 25% vested on February 22, 2020 and 25% vested on February 22, 2021. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Riggs Kristen J 19 EAST CHOCOLATE AVENUE HERSHEY, PA 17033 |
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| SVP, Chief Growth Officer |
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Signatures
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/s/ James Turoff, Agent for Kristen J. Riggs | | 9/10/2021 |
**Signature of Reporting Person | Date |
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