HERSHEY CO — Director's Dealing 2021

Sep 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERSHEY CO (HSY)
CIK: 0000047111
Period of Report: 2021-09-08

Reporting Person: Riggs Kristen J (SVP, Chief Growth Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-08	Common Stock	S	810	$176.004	Disposed	7077	Direct
2021-09-08	Common Stock	S	534	$176.545	Disposed	6543	Direct
2021-09-08	Common Stock	M	786	$99.90	Acquired	7329	Direct
2021-09-08	Common Stock	S	471	$175.973	Disposed	6858	Direct
2021-09-08	Common Stock	S	315	$176.541	Disposed	6543	Direct
2021-09-08	Common Stock	M	444	$90.39	Acquired	6987	Direct
2021-09-08	Common Stock	S	280	$175.988	Disposed	6707	Direct
2021-09-08	Common Stock	S	164	$176.544	Disposed	6543	Direct
2021-09-08	Common Stock	M	1344	$107.95	Acquired	7887	Direct
2021-09-08	Common Stock	S	753	$176.001	Disposed	7134	Direct
2021-09-08	Common Stock	S	447	$176.562	Disposed	6687	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-08	Non-qualified Stock Option (Right to Buy)	$99.90	M	786	Disposed	2028-02-19	Common Stock (786)	Direct
2021-09-08	Non-qualified Stock Option (Right to Buy)	$90.39	M	444	Disposed	2026-02-15	Common Stock (444)	Direct
2021-09-08	Non-qualified Stock Option (Right to Buy)	$107.95	M	1344	Disposed	2027-02-21	Common Stock (1344)	Direct

Footnotes

F1: 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.

F2: 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.

F3: 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.

F4: 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.

F5: 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.

F6: 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.

F7: 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.

F8: 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.

F9: 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.

F10: 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.

F11: 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.

F12: 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.