SEC Form 4 · accession 0001179110-17-013957
HEXCEL CORP /DE/ · HXL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David L Pugh
Director
Period of report
Nov 8, 2017
Accepted (ET)
Nov 9, 2017 · 6:16 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 | — | Nov 8, 2017 | A | 5 | A | — | — | Common Stock | 5 | 2,218 | D |
| Restricted Stock UnitsF1,F4,F3 | — | Nov 8, 2017 | A | 5 | A | — | — | Common Stock | 5 | 2,576 | D |
| Restricted Stock UnitsF1,F5,F3 | — | Nov 8, 2017 | A | 5 | A | — | — | Common Stock | 5 | 2,414 | D |
| Restricted Stock UnitsF1,F6,F3 | — | Nov 8, 2017 | A | 4 | A | — | — | Common Stock | 4 | 2,081 | 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.
- F2As previously reported, on May 7, 2015, the reporting person was granted 2,169 RSUs. Dividend equivalent rights accrue with respect to the unvested RSUs when and as dividends are paid on Hexcel common stock. The 4.52 dividend equivalent rights reflect dividend equivalent rights at $61.19 per RSU owned by the reporting person on the record date and credited to the reporting person's account on November 8, 2017.
- F3The underlying RSUs vest ratably over the one year period following the grant date, and convert into an equal number of shares of common stock at such time as the grantee ceases to be a member of Hexcel's Board of Directors. Vesting and conversion are subject to certain acceleration and termination provisions.
- F4As previously reported, on May 8, 2014, the reporting person was granted 2,508 RSUs. Dividend equivalent rights accrue with respect to the unvested RSUs when and as dividends are paid on Hexcel common stock. The 5.25 dividend equivalent rights reflect dividend equivalent rights at $61.19 per RSU owned by the reporting person on the record date and credited to the reporting person's account on November 8, 2017.
- F5As previously reported, on May 5, 2016, the reporting person was granted 2,382 RSUs. Dividend equivalent rights accrue with respect to the unvested RSUs when and as dividends are paid on Hexcel common stock. The 4.92 dividend equivalent rights reflect dividend equivalent rights at $61.19 per RSU owned by the reporting person on the record date and credited to the reporting person's account on November 8, 2017.
- F6As previously reported, on May 4, 2017, the reporting person was granted 2,072 RSUs. Dividend equivalent rights accrue with respect to the unvested RSUs when and as dividends are paid on Hexcel common stock. The 4.24 dividend equivalent rights reflect dividend equivalent rights at $61.19 per RSU owned by the reporting person on the record date and credited to the reporting person's account on November 8 2017.