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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)
Wolfe Kenneth L
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
02/00
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 and CEO
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
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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
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Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially
Owned (Columns 1 through 6)
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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
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Non-Qualified Stock Option $41.00000 02/07/00 A 60,000.0000 01/01/02
(right to buy) (1)
Non-Qualified Stock Option $41.00000 02/07/00 A 40,000.0000 01/01/02
(right to buy) (2)
Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially
Owned (Columns 1,3 and 7 through 11)
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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
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Non-Qualified Stock Option 02/07/00 Common Stock 60,000.0000 D Direct
(right to buy) (1)
Non-Qualified Stock Option 02/07/00 Common Stock 40,000.0000 100,000.0000 D Direct
(right to buy) (2)
Explanation of Responses:
(1)
This option grant constitutes a special one-time incentive which will vest, if
at all, on the day following the third consecutive day in which the closing
price of the Corporation's Common Stock on the New York Stock Exchange is $60 or
greater and will expire on January 1, 2002.
(2)
This option grant constitutes a special one-time incentive which will vest, if
at all, on the day following the third consecutive day in which the closing
price of the Corporation's Common Stock on the New York Stock Exchange is $70 or
greater and will expire on January 1, 2002.
SIGNATURE OF REPORTING PERSON
/S/ Wolfe , Kenneth L
DATE 03/10/00