SEC Form 4 · accession 0001179110-17-002579
HEXCEL CORP /DE/ · HXL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thierry Merlot
Officer — President, Aerospace - EMEA/AP
Period of report
Feb 15, 2017
Accepted (ET)
Feb 16, 2017 · 6:54 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 | — | Feb 15, 2017 | A | 3 | A | — | — | Common Stock | 3 | 1,362 | D |
Explanation of responses
- F1The underlying Restricted Stock Units ("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.
- F2On January 26, 2016, the reporting person was granted 1,349 RSUs. Dividend equivalent rights accrue with respect to the unvested RSUs when and as dividends are paid on Hexcel common stock. The 2.82 dividend equivalent rights reflect dividend equivalent rights at $53.08 per RSU owned by the reporting person on the record date and credited to the reporting person's account on February 15, 2017.
- F3The RSUs vest and convert into an equivalent number of shares of Common Stock on the second anniversary from the grant date. Vesting of the RSUs is also subject to certain acceleration and termination provisions.