HERSHEY CO 4
4 · HERSHEY CO · Filed Jun 19, 2006
Insider Transaction Report
Form 4
HERSHEY COHSY
HERNQUIST THOMAS K
SVP, Chief Marketing Officer
Transactions
- Exercise/Conversion
Common Stock
2006-06-16+1,250→ 25,941.131 total - Exercise/Conversion
Restricted Stock Units
2006-06-16−1,250→ 20,870 total→ Common Stock (1,250 underlying) - Disposition to Issuer
Common Stock
2006-06-16$54.55/sh−1,250$68,188→ 24,691.131 total
Holdings
- 484.31(indirect: By 401(k))
Common Stock
Footnotes (4)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of Common Stock of The Hershey Company or its cash equivalent.
- [F2]The total amount of securities reported as directly owned by the reporting person in Column 5 of Table I includes 29.6381 shares acquired on March 15, 2006 pursuant to the Company's Dividend Reinvestment Plan.
- [F3]Vested Restricted Stock Units granted under the Company's Key Employee Incentive Plan ("Plan") converted and settled with the Company in cash as permitted under the Plan.
- [F4]Restricted Stock Units ("RSUs") granted on June 16, 2004 of which 1,250 RSUs vested on June 16, 2006. The remaining unvested RSUs will vest according to the following schedule: 1,250 on June 16, 2007 and the final 1,250 on June 16, 2008. Once vested, RSUs 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. The reporting person has elected to settle the vested RSUs for cash.