SEC Form 4 · accession 0001179110-17-001393
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 30, 2017
Accepted (ET)
Jan 31, 2017 · 4:17 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 | — | Jan 30, 2017 | A | 1,495 | A | — | Jan 30, 2020 | Common Stock | 1,495 | 1,495 | D |
| Non-Qualified Stock OptionF3,F4 | $50.50 | Jan 30, 2017 | A | 6,225 | A | — | Jan 30, 2027 | Common Stock | 6,225 | 6,225 | D |
Explanation of responses
- F1The RSUs were granted in a transaction exempt under Rule 16b. Upon vesting, RSUs are converted into an equivalent number of shares of Common Stock that are distributed to the grantee.
- F2The RSUs vest and convert into an equivalent number of shares of Common Stock in equal installments on the first three anniversaries from the grant date. Vesting of the RSUs is also subject to certain acceleration and termination provisions.
- F3Non-Qualified Options ("NQOs") granted in a transaction exempt under Rule 16b.
- F4The NQOs become vested with respect to one-third of the shares of Common Stock subject thereto on each of the first three anniversaries of the date of grant. Vesting of the NQOs is also subject to certain acceleration and termination provisions.