HERSHEY CO

Ticker: HSY CUSIP: 427866108 Class: COM

SANDLER CAPITAL MANAGEMENT's Holding History (CIK: 0001000742)

Note: Option positions (PUT/CALL) are excluded.

Q2 2017

Shares 42,000 Value ($000) $4,510 Avg Close $89.83 Range $86.09 - $95.13

Q4 2015

Shares 49,450 Value ($000) $4,414 Avg Close $70.38 Range $64.98 - $76.21

Q1 2015

Shares 82,470 Value ($000) $8,322 Avg Close $80.45 Range $75.95 - $85.66

Q4 2013

Shares 305,261 Value ($000) $29,681 Avg Close $72.20 Range $67.86 - $75.97

Q3 2013

Shares 395,111 Value ($000) $36,548 Avg Close $69.67 Range $66.17 - $73.07

Q2 2013

Shares 229,115 Value ($000) $20,455 Avg Close $65.69 Range $62.96 - $68.27

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2017	42,000	$4,510	$89.83	$86.09 - $95.13
Q4 2015	49,450	$4,414	$70.38	$64.98 - $76.21
Q1 2015	82,470	$8,322	$80.45	$75.95 - $85.66
Q4 2013	305,261	$29,681	$72.20	$67.86 - $75.97
Q3 2013	395,111	$36,548	$69.67	$66.17 - $73.07
Q2 2013	229,115	$20,455	$65.69	$62.96 - $68.27