HERSHEY TRUST CO TRUSTEE IN TRUST FOR MILTON HERSHEY SCHOOL - 14 Feb 2022 Form 4 Insider Report for HERSHEY CO (HSY)

Role
10%+ Owner
Signature
Charity Rosenberry, VP Finance Hershey Trust Co Trustee in Trust for Milton Hershey School
Issuer symbol
HSY
Transactions as of
14 Feb 2022
Net transactions value
-$203,350,000
Form type
4
Filing time
16 Feb 2022, 15:44:29 UTC
Previous filing
12 Nov 2021
Next filing
23 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HSY Common Stock, $1.00 par value Conversion of derivative security $203,350,000 +1,000,000 +2120% $203.35 1,047,170 14 Feb 2022 Direct F1
transaction HSY Common Stock, $1.00 par value Sale $203,350,000 -1,000,000 -95% $203.35 47,170 14 Feb 2022 Direct F2
holding HSY Common Stock, $1.00 par value 48,230 14 Feb 2022 By Hershey Trust Company F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HSY Class B Common Stock, $1.00 par value Conversion of derivative security $203,350,000 -1,000,000 -1.6% $203.35 59,612,012 14 Feb 2022 Common Stock, $1.00 par value 1,000,000 $203.35 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares received upon conversion of Class B common stock. The conversion price is the market price at the time of conversion and represents the closing price on 02/14/2022.
F2 Shares sold by the Milton Hershey School Trust in a private sale to The Hershey Company.
F3 Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
F4 All shares of Class B common stock, $1.00 par value convertible share-for-share into common stock, $1.00 par value, at any time, and without payment other than for the fact of conversion. There is no expiration date.
F5 The conversion price is the market price at the time of conversion and represents the closing price on 02/14/2022.