SEC Form 4 · accession 0000899243-18-022213
HEXCEL CORP /DE/ · HXL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thierry Merlot
Officer — See Remarks
Period of report
Aug 10, 2018
Accepted (ET)
Aug 13, 2018 · 7:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000717605
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3,F2 | — | Aug 10, 2018 | A | 3 | A | — | — | Common Stock | 3 | 1,541 | D |
| Restricted Stock UnitsF1,F4,F2 | — | Aug 10, 2018 | A | 3 | A | — | — | Common Stock | 3 | 1,341 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a conditional right to receive one share of common stock of the issuer. Dividend equivalents in the form of additional RSUs ("Additional RSUs") accrue with respect to RSUs (and any Additional RSUs previously accrued) when dividends are paid on shares of common stock of the issuer.
- F2The RSUs and Additional RSUs vest as to 2/3 on the second anniversary of the date of grant, and the remaining 1/3 on the third anniversary of the date of grant, and convert into an equivalent number of shares of common stock of the issuer. Upon vesting, all fractional shares underlying the vesting tranche of RSUs and Additional RSUs are cancelled.
- F3As previously reported, (i) on January 30, 2017, the reporting person was granted 1,522 RSUs pursuant to the Hexcel Corporation 2013 Stock Incentive Plan (the "2013 Plan") and (ii) following January 30, 2017, the reporting person received aggregate dividend equivalents in the form of 15.72 Additional RSUs. On August 10, 2018, the reporting person received dividend equivalents in the form of 3.36 Additional RSUs, based on the $68.63 market price per underlying share on the dividend payment date.
- F4As previously reported, (i) on January 29, 2018, the reporting person was granted 1,336 RSUs pursuant to the 2013 Plan and (ii) following January 29, 2018, the reporting person received aggregate dividend equivalents in the form of 2.39 Additional RSUs. On August 10, 2018, the reporting person received dividend equivalents in the form of 2.92 Additional RSUs, based on the $68.63 market price per underlying share on the dividend payment date.
Remarks
President, Aerospace - Europe, MEA, and Asia Pacific