SEC Form 4 · accession 0001179110-15-012457
HEXCEL CORP /DE/ · HXL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wayne C Pensky
Officer — SVP, CFO
Period of report
Aug 19, 2015
Accepted (ET)
Aug 21, 2015 · 1:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000717605
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 19, 2015 | M | 5,432 | $22.00 | A | 93,272 | D | |
| Common StockF2 | Aug 19, 2015 | S | 5,432 | $53.596 | D | 87,840 | D | |
| Common Stock | Aug 19, 2015 | M | 8,542 | $18.17 | A | 96,382 | D | |
| Common StockF3 | Aug 19, 2015 | S | 8,542 | $53.595 | D | 87,840 | D | |
| Common Stock | Aug 19, 2015 | M | 19,950 | $21.11 | A | 107,790 | D | |
| Common StockF4 | Aug 19, 2015 | S | 19,950 | $53.579 | A | 87,840 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock OptionF5,F6 | $22.00 | Aug 19, 2015 | M | 5,432 | D | — | Feb 7, 2016 | Common Stock | 5,432 | 0 | D |
| Non-Qualified Stock OptionF5,F6 | $18.17 | Aug 19, 2015 | M | 8,542 | D | — | Jan 29, 2017 | Common Stock | 8,542 | 0 | D |
| Non-Qualified Stock OptionF5,F6 | $21.11 | Aug 19, 2015 | M | 19,950 | D | — | Jan 28, 2018 | Common Stock | 19,950 | 0 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 3, 2015.
- F2The price reported in column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $53.40 to 54.00, inclusive. The reporting person undertakes to provide Hexcel Corporation, any security holder of Hexcel Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range of this footnote (2).
- F3The price reported in column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $53.38 to 54.00, inclusive. The reporting person undertakes to provide Hexcel Corporation, any security holder of Hexcel Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range of this footnote (3).
- F4The price reported in column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $53.32 to 53.88, inclusive. The reporting person undertakes to provide Hexcel Corporation, any security holder of Hexcel Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range of this footnote (4).
- F5Non-Qualified Stock Options ("NQOs") granted in a transaction exempt under Rule 16b.
- F6This Non-Qualified Stock Option became vested with respect to one third of the underlying shares of Common Stock on each of the first three anniversaries of the grant date. The grant date was ten years prior to the expiration date.