4 1 rbf4feb03.txt FORM 4, FEBRUARY 2003 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) Brace Raymond 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) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify below) V.P., Operations & Technology 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)~~ 02/0103/0203 MA 94,~~300~~275.0000 A $3365.~~06250~~56000 D Direct Common Stock 02/0103/0203 SD 94,~~300~~275.0000 D $7065.~~23690~~56000 4,074.0000 D Direct Common Stock 7,~~306~~525.~~4400~~9100 I 401(k) Plan ~~Common Stock 0.0001 I by Son 2~~ 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 $3364.~~06250~~50000 02/0103/0203 MA 916,~~300~~200.0000 01(2) 02/02/0613 (right to buy) (1) 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 02/0103/0203 Common Stock 916,~~300~~200.0000 ~~$70~~16,200.~~23690 0.~~0000 D Direct (right to buy) (1) Explanation of Responses: (1) These options were granted under the Hershey Foods Corporation Key Employee Incentive Plan, and they have a stock withholding ~~feature~~featur e which permits the withholding of shares of stock at the time of exercise to satisfy the grantee's income tax withholding rights. ~~Beneficial~~(2) ~~holdings~~Options ~~reflected~~vest onaccording ~~this~~to ~~report~~the dofollowing ~~not~~schedule: ~~include~~25% ~~changes~~vest inon the ~~reporting~~first ~~person's~~anniversary ~~holdings~~ of ~~securities~~the ~~resulting~~grant ~~from~~date, ~~participation~~an inadditional 25% vest on th e second anniversary of the ~~issuer's~~grant ~~qualified~~date, ~~employee~~an ~~stock~~additional ~~plan~~25% ~~since~~vest on the ~~last~~third ~~filing~~anniversary of athe ~~report~~grant ~~disclosing~~date, ~~transactions~~and ~~related~~the tooptions ~~such~~become ~~participation~~fu lly vested on the fourth anniversary of the grant date.

SIGNATURE OF REPORTING PERSON /S/ Brace Raymond DATE 02/04/03

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