Hershey Trust Co Trustee In Trust For Milton Hershey School - 21 Jun 2022 Form 4 Insider Report for HERSHEY CO (HSY)

Role
10%+ Owner
Signature
Charity Rosenberry, VP Finance
Issuer symbol
HSY
Transactions as of
21 Jun 2022
Transactions value $
$0
Form type
4
Date filed
23 Jun 2022, 16:15
Previous filing
16 Feb 2022
Next filing
29 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 $323M +1.5M +3179.99% $215.07 1.55M 21 Jun 2022 Direct F1
holding HSY Common Stock, $1.00 par value 48.2K 21 Jun 2022 By Hershey Trust Company F2

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 -$323M -1.5M -2.52% $215.07 58.1M 21 Jun 2022 Common Stock, $1.00 par value 1.5M $215.07 Direct F3, F4
* 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 06/21/2022.
F2 Hershey Trust Company is wholly owned by Milton Hershey School Trust and is trustee for the Milton Hershey School Trust.
F3 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.
F4 The conversion price is the market price at the time of conversion and represents the closing price on 06/21/2022.