SEC Form 4 · accession 0001179110-15-015003
HEXCEL CORP /DE/ · HXL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W Kim Foster
Director
Period of report
Nov 16, 2015
Accepted (ET)
Nov 17, 2015 · 4:19 pm EST
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,F2,F3 | — | Nov 16, 2015 | A | 5 | A | — | — | Common Stock | 5 | 2,178 | D |
Explanation of responses
- F1The underlying Restricted Stock Units ("RSUs") were granted in a transaction exempt under Rule 16b.
- F2As previously reported, on May 7, 2016, the reporting person was granted 2,169 RSUs. Dividend equivalent rights accrue with respect to the unvested RSUs when and as dividends are paid on Hexcel common stock. The 4.82 dividend equivalent rights reflect dividend equivalent rights at $43.96 per RSU owned by the reporting person on the record date and credited to the reporting person's account on November 16, 2015.
- F3The underlying RSUs vest ratably over the one year following the grant date and convert into an equivalent number of shares of Common Stock at such time as the grantee ceases to be a member of Hexcel's Board. Vesting and conversion are subject to certain acceleration and termination provisions.