HERSHEY CO — Director's Dealing 2021

Sep 9, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERSHEY CO (HSY)
CIK: 0000047111
Period of Report: 2021-09-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-07	Common Stock	S	489	$175.251	Disposed	7977	Direct
2021-09-07	Common Stock	S	90	$176.16	Disposed	7887	Direct
2021-09-07	Common Stock	M	161	$90.39	Acquired	8048	Direct
2021-09-07	Common Stock	S	121	$175.157	Disposed	7927	Direct
2021-09-07	Common Stock	S	40	$176.19	Disposed	7887	Direct
2021-09-07	Common Stock	M	591	$107.95	Acquired	8478	Direct
2021-09-07	Common Stock	S	491	$175.334	Disposed	7987	Direct
2021-09-07	Common Stock	S	100	$176.16	Disposed	7887	Direct
2021-09-07	Common Stock	M	429	$99.90	Acquired	8316	Direct
2021-09-07	Common Stock	S	359	$175.258	Disposed	7957	Direct
2021-09-07	Common Stock	S	70	$176.16	Disposed	7887	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-07	Non-qualified Stock Option (Right to Buy)	$90.39	M	161	Disposed	2026-02-15	Common Stock (161)	Direct
2021-09-07	Non-qualified Stock Option (Right to Buy)	$107.95	M	591	Disposed	2027-02-21	Common Stock (591)	Direct
2021-09-07	Non-qualified Stock Option (Right to Buy)	$99.90	M	429	Disposed	2028-02-19	Common Stock (429)	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 $175.090 to $175.850. 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 $175.100 to $175.190. 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 $175.150 to $175.900. 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 $175.070 to $175.710. 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: 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.

F7: 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.

F8: 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.