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)
Christ William F
Corporate Headquarters
100 Crystal A Drive
Hershey, PA 17033
2. Issuer Name and Ticker or Trading Symbol
Hershey Foods Corporation (HSY)
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
December 1997
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ]
Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify
below) Senior VP and CFO
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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Common Stock 12/05/97 M 300.0000 A $17.6875 D
Common Stock 12/05/97 S 300.0000 D $61.3375 D
Common Stock 12/05/97 M 4,300.0000 A $18.1250 D
Common Stock 12/05/97 S 4,300.0000 D $61.3375 D
Common Stock 12/05/97 M 5,400.0000 A $22.3750 D
Common Stock 12/05/97 S 5,400.0000 D $61.3375 24,183.8747 D
Common Stock 7,017.6810 I 401(k) Plan
Table II (PART 1) Derivative Securitites 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 $17.6875 12/05/97 M 300.0000 01/08/00
(right to buy)
Non-Qualified Stock Option $18.1250 12/05/97 M 4,300.0000 01/07/01
(right to buy)
Non-Qualified Stock Option $22.3750 12/05/97 M 5,400.0000 01/05/02
(right to buy)
Table II (PART 2) Derivative Securitites 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 12/05/97 Common Stock 300.0000 0.0000 D
(right to buy)
Non-Qualified Stock Option 12/05/97 Common Stock 4,300.0000 0.0000 D
(right to buy)
Non-Qualified Stock Option 12/05/97 Common Stock 5,400.0000 4,400.0000 D
(right to buy)
Explanation of Responses:
SIGNATURE OF REPORTING PERSON
/S/ Christ William F
DATE 01/09/98
