SEC Form 4 · accession 0001179110-17-011436
HEXCEL CORP /DE/ · HXL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kimberly A. Hendricks
Officer — SVP, Corp. Controller & CAO
Period of report
Jul 27, 2017
Accepted (ET)
Aug 14, 2017 · 11:50 am 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 | — | Jul 27, 2017 | A | 3,500 | A | — | Jul 27, 2020 | Common Stock | 3,500 | 3,500 | D |
| Restricted Stock UnitsF3,F4,F5 | — | Aug 10, 2017 | A | 8 | A | — | — | Common Stock | 8 | 3,508 | 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.
- F3The 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.
- F4On July 27, 2017, the reporting person was granted 3,500 RSUs. Dividend equivalent rights accrue with respect to the unvested RSUs when and as dividends are paid on Hexcel common stock. The 8.27 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.
- F5The underlying 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.