SEC Form 4 · accession 0001179110-17-011385
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
Aug 10, 2017
Accepted (ET)
Aug 11, 2017 · 3:35 pm EDT
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 | — | Aug 10, 2017 | A | 3 | A | — | — | Common Stock | 3 | 1,368 | D |
| Restricted Stock UnitsF1,F4,F3 | — | Aug 10, 2017 | A | 4 | A | — | — | Common Stock | 4 | 1,529 | 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 3.22 dividend equivalent rights reflect dividend equivalent rights at $52.87 per RSU owned by the reporting person on the record date and credited to the reporting person's account on August 10, 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.
- F4As previously reported, on January 30, 2017, the reporting person was granted 1,522 RSUs. Dividend equivalent rights accrue with respect to the unvested RSUs when and as dividends are paid on Hexcel common stock. The 3.60 dividend equivalent rights reflect dividend equivalent rights at $52.87 per RSU owned by the reporting person on the record date and credited to the reporting person's account on August 10, 2017.