BRACE RAYMOND 4
4 · HERSHEY FOODS CORP · Filed Jun 21, 2004
Insider Transaction Report
Form 4
BRACE RAYMOND
SVP, Operations
Transactions
- Award
Restricted Stock Units
2004-06-18+2,000→ 2,000 total→ Common Stock (2,000 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of Hershey Foods Corporation common stock ("Common Stock") or its cash equivalent.
- [F2]Restricted stock units vest according to the following schedule: 25% vest on the first anniversary of the grant date, an additional 25% vest on the second anniversary of the grant date, an additional 25% vest on the third anniversary of the grant date, and the options become fully vested on the fourth anniversary of the grant date. Once vested, restricted stock units may be: (1) settled in cash having a value equivalent to the closing price of Common Stock on the New York Stock Exchange on the day preceding the vesting date, in an equal number of shares of Common Stock, or in a combination of cash and Common Stock; or (2) deferred under the Company's Deferred Compensation Plan.