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)
Kwiat Kenneth
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
January 1998
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) Vice President, Manufacturing
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>
<CAPTION>
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
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C><C> <C> <C><C>
Common Stock 210.0000 I by Trust (1)
Common Stock 01/08/98 M 2,000.0000 A $17.6875 D
Common Stock 01/08/98 S 2,000.0000 D $61.9375 D
Common Stock 01/08/98 M 3,000.0000 A $18.1250 D
Common Stock 01/08/98 S 3,000.0000 D $61.9375 4,458.0000 D
Common Stock 5,568.1736 I 401(k) Plan
<CAPTION>
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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<S> <C> <C> <C> <C> <C> <C> <C>
Non-Qualified Stock Option $17.6875 01/08/98 M 2,000.0000 01/08/00
(right to buy)
Non-Qualified Stock Option $18.1250 01/08/98 M 3,000.0000 01/07/01
(right to buy)
Non-Qualified Stock Option $61.5000 01/19/98 A 5,550.0000 01/19/08
(right to buy)(2)
<CAPTION>
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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<S> <C> <C> <C> <C> <C> <C> <C>
Non-Qualified Stock Option 01/08/98 Common Stock 2,000.0000 0.0000 D
(right to buy)
Non-Qualified Stock Option 01/08/98 Common Stock 3,000.0000 0.0000 D
(right to buy)
Non-Qualified Stock Option 01/19/98 Common Stock 5,550.0000 5,550.0000 D
(right to buy)(2)
<FN>
Explanation of Responses:
(1)
These shares are held in a trust for the benefit of the reporting person's adult
child. The reporting person's wife is trustee for said trust. The filing of this
form does not constitute an admission that the reporting person is, for purposes
of Section 16 of the Securities Exchange Act of 1934, or otherwise, the
beneficial owner of any equity securities covered by the statement.
(2)
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. </FN> </TABLE> SIGNATURE OF REPORTING PERSON /S/
