HERSHEY CO — Director's Dealing 2022

Oct 18, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HERSHEY CO (HSY)
CIK: 0000047111
Period of Report: 2022-10-14

Reporting Person: Buck Michele (Director, Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-10-14	Common Stock	M	4250	$105.96	Acquired	174805	Direct
2022-10-14	Common Stock	S	1135	$222.594	Disposed	173670	Direct
2022-10-14	Common Stock	S	1656	$223.354	Disposed	172014	Direct
2022-10-14	Common Stock	S	400	$224.805	Disposed	171614	Direct
2022-10-14	Common Stock	S	503	$225.765	Disposed	171111	Direct
2022-10-14	Common Stock	S	300	$226.753	Disposed	170811	Direct
2022-10-14	Common Stock	S	256	$227.672	Disposed	170555	Direct
2022-10-14	Common Stock	S	2105	$222.416	Disposed	168450	Direct
2022-10-14	Common Stock	S	4348	$223.313	Disposed	164102	Direct
2022-10-14	Common Stock	S	798	$224.535	Disposed	163304	Direct
2022-10-14	Common Stock	S	1217	$225.489	Disposed	162087	Direct
2022-10-14	Common Stock	S	699	$226.577	Disposed	161388	Direct
2022-10-14	Common Stock	S	833	$227.844	Disposed	160555	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-10-14	Non-qualified Stock Option (Right to Buy)	$105.96	M	4250	Disposed	2024-02-17	Common Stock (4250)	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 16, 2022.

F2: This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $222.020 to $223.000. 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 $223.030 to $223.930. 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 $224.320 to $225.230. 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 $225.410 to $226.390. 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 $226.420 to $226.950. 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 $227.520 to $227.900. 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.

F8: This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $221.790 to $222.680. 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 $222.950 to $223.920. 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: This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $223.970 to $224.920. 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.

F11: This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $225.110 to $226.010. 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.

F12: This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $226.240 to $226.950. 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.

F13: This reflects the weighted average price for the shares, which were sold in multiple transactions at prices that ranged from $227.520 to $228.280. 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.

F14: The options vested according to the following schedule: 25% vested on February 18, 2015, 25% vested on February 18, 2016, 25% vested on February 18, 2017 and 25% vested on February 18, 2018.