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)
Tacka David W.
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/Day/Year
2/4/03
5. If Amendment, Date of Original (Month/Day/Year)
02/04/03
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
Vice President, Corporate
Controller & CAO
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 02/03/03 A 179.0000 A $65.56000 D Direct
Common Stock 02/03/03 F 179.0000 D $65.56000 238.5743 D Direct
Common Stock 3,315.9800 I 401(k) Plan
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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Deferred Performance Share $0.00000 02/03/03 A 2,296.0000 (2)
Units (1)
Non-Qualified Stock Option $64.50000 02/03/03 A 10,650.0000 (4) 02/02/13
(right to buy) (3)
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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Deferred Performance Share 02/03/03 Common Stock 2,296.0000 4,560.0000 D Direct
Units (1)
Non-Qualified Stock Option 02/03/03 Common Stock 10,650.0000 10,650.0000 D Direct
(right to buy) (3)
Explanation of Responses:
(1)
Settlement of Performance Share Units granted on January 13, 2000, pursuant to
the Hershey Foods Corporation Key Employee Incentive Plan. Settlement involved
the deferral of the entire award, net of certain mandatory tax withholdings (179
shares), under the Corpor ation's Deferred Compensation Plan. Each deferred PSU
is deemed equivalent in value to one share of the Corporation's Common Stock.
(2)
The reporting person has elected to have these units paid out in January 2006.
(3)
These options were granted under the Hershey Foods Corporation Key Employee
Incentive Plan, and they have a stock withholding featur e 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% vest on the first
anniversary of the grant date, an additional 25% vest on th e second anniversary
of the grant date, an additional 25% vest on the third anniversary of the grant
date, and the options become fu lly vested on the fourth anniversary of the
grant date.
SIGNATURE OF REPORTING PERSON
/S/ Tacka , David W.
DATE 03/07/03