Charles R. Raup - 27 Sep 2021 Form 4 Insider Report for HERSHEY CO (HSY)

Role: President, U.S.
Signature: /s/ James Turoff, Agent for Charles R. Raup
Issuer symbol: HSY
Transactions as of: 27 Sep 2021
Net transactions value: -$329,569
Form type: 4
Filing time: 28 Sep 2021, 16:50:54 UTC
Next filing: 24 Feb 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	Options Exercise	$79,543	+880	+6.7%	$90.39	14,038	27 Sep 2021	Direct
transaction	HSY	Common Stock	Sale	$152,900	-880	-6.3%	$173.75	13,158	27 Sep 2021	Direct	F1
transaction	HSY	Common Stock	Options Exercise	$171,964	+1,593	+12%	$107.95	14,751	27 Sep 2021	Direct
transaction	HSY	Common Stock	Sale	$276,784	-1,593	-11%	$173.75	13,158	27 Sep 2021	Direct	F1
transaction	HSY	Common Stock	Options Exercise	$204,795	+2,050	+16%	$99.90	15,208	27 Sep 2021	Direct
transaction	HSY	Common Stock	Sale	$356,188	-2,050	-13%	$173.75	13,158	27 Sep 2021	Direct	F1

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	Non-qualified Stock Option (Right to Buy)	Options Exercise	$0	-880	-100%	$0.000000^*	0	27 Sep 2021	Common Stock	880	$90.39	Direct	F2
transaction	HSY	Non-qualified Stock Option (Right to Buy)	Options Exercise	$0	-1,593	-100%	$0.000000^*	0	27 Sep 2021	Common Stock	1,593	$107.95	Direct	F3
transaction	HSY	Non-qualified Stock Option (Right to Buy)	Options Exercise	$0	-2,050	-67%	$0.000000	1,025	27 Sep 2021	Common Stock	2,050	$99.90	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 24, 2021.
F2	The option 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.
F3	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.
F4	The options will 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.