UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue.
1. Name and Address of Reporting Person(s)
Lenny, Richard H.
100 Crystal A Drive
Hershey, Pennsylvania l7033
2. Issuer Name and Ticker or Trading Symbol
Hershey Foods Corporation (HSY)
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
4. Statement for Month/Year
01/02
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[X] Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify
below) Chairman, President and Chief Executive Officer
7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
------------------------------------------------------------------------------------------------------------------------------------
1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of
action action or Disposed of (D) Securities Indirect
Date Code A Beneficially D Beneficial
(Month/ or Owned at or Ownership
Day/Year) Code V Amount D Price End of Month I
------------------------------------------------------------------------------------------------------------------------------------
Common Stock (1) 01/02/02 A 15,542.0000 A 68,542.0000 D Direct
Common Stock 12/31/01 (2)A 40.6300 A (2) 40.6300 I 401(k) Plan
Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially
Owned (Columns 1 through 6)
------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and
Security or Exercise action action Securities Acquired (A) Expiration Date
Price of Date Code or Disposed of (D)
Derivative
Security Code V A D Exercisable Expiration
------------------------------------------------------------------------------------------------------------------------------------
Non-Qualified Stock Option $69.31000 01/22/02 A 59,600.0000 (4) 01/21/12
(right to buy) (3)
Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially
Owned (Columns 1,3 and 7 through 11)
------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of
Security action of Underlying of Deri- Derivative Indirect
Date Securities vative Securities D Beneficial
Amount or Security Beneficially or Ownership
Number of Owned at I
- Title Shares End of Month
------------------------------------------------------------------------------------------------------------------------------------
Non-Qualified Stock Option 01/22/02 Common Stock 59,600.0000 59,600.0000 D Direct
(right to buy) (3)
Explanation of Responses:
(1)
Restricted stock units of which 7,771 vest on March 12, 2002 and the remaining
7,771 vest on March 12, 2003. (2) These shares were acquired from March 12, 2001
through December 31, 2001 pursuant to the Hershey Foods Corporation Employee
Savings Stock Investment & Ownership Plan (ESSIOP). These shares were purchased
at various intervals throughout this period, and the closing price on December
31, 2001 was $67.70. The exact price of each share at date of acquisition is not
readily determinable.
(3)
These options were granted under the Hershey Foods Corporation 1987 Key Employee
Incentive Plan, and they have a stock withholding feature which permits the
withholding of shares of stock at the time of exercise to satisfy the grantee's
income tax withholding rights.
(4)
Options vest according to the following schedule: 25% of the options granted
vest on the first anniversary of the grant date, an additional 25% vest on the
second anniversary date, an additional 25% vest on the third anniversary date,
and the options become fully vested on the fourth anniversary of the grant date.
SIGNATURE OF REPORTING PERSON
/S/ Lenny, Richard H.
DATE February 7, 2002