SEC Form 4 · accession 0001179110-17-001255
HEXCEL CORP /DE/ · HXL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nick L Stanage
Officer — CEO and President · Director
Period of report
Jan 24, 2017
Accepted (ET)
Jan 26, 2017 · 5:37 pm EST
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 StockF1 | Jan 24, 2017 | M | 31,084 | $0.00 | A | 201,746 | D | |
| Common StockF2 | Jan 24, 2017 | F | 15,168 | $50.99 | D | 186,578 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-Based AwardF3,F4 | — | Jan 24, 2017 | M | 31,084 | D | — | — | Common Stock | 31,084 | 0 | D |
Explanation of responses
- F1The Common Stock was acquired upon the conversion of a performance-based award ("PBA") in accordance with the terms of an underlying Performance Based Award Agreement (the "Agreement") dated January 28, 2014. The PBA was granted based on the level of attainment of specified financial performance criteria set forth in the Agreement, and was granted in a transaction exempt under Rule 16b.
- F2The Common Stock was withheld as payment of tax withholding required upon conversion of the PBA.
- F3The PBA was granted in a transaction exempt under Rule 16b. Upon vesting, the PBA converted into an equivalent number of shares of Common Stock that are distributed to the grantee.
- F4The PBA vested and converted into an equivalent number of shares of Common Stock on January 24, 2017.