SEC Form 4 · accession 0001179110-17-001256
HEXCEL CORP /DE/ · HXL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Canario
Officer — President, Aerospace -Americas
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,F2 | Jan 24, 2017 | M | 1,995 | $0.00 | A | 2,451 | D | |
| Common StockF3,F2 | Jan 24, 2017 | F | 1,013 | $50.99 | D | 1,438 | 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 AwardF4,F5 | — | Jan 24, 2017 | M | 1,995 | D | — | — | Common Stock | 1,995 | 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.
- F2Includes units representing 56.5 shares held through the Hexcel Stock Fund under Hexcel Corporation's 401(k) plan.
- F3The Common Stock was withheld as payment of tax withholding required upon conversion of the PBA.
- F4The 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.
- F5The PBA vested and converted into an equivalent number of shares of Common Stock on January 24, 2017.