SEC Form 4 · accession 0001179110-17-015052
HEXCEL CORP /DE/ · HXL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Swords
Officer — President, Industrial
Period of report
Dec 5, 2017
Accepted (ET)
Dec 6, 2017 · 5:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000717605
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 5, 2017 | M | 13,493 | $20.76 | A | 20,202 | D | |
| Common StockF1 | Dec 5, 2017 | S | 13,493 | $60.2687 | D | 6,709 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock OptionF2,F3 | $20.76 | Dec 5, 2017 | M | 13,493 | D | — | Apr 11, 2021 | Common Stock | 13,493 | 13,494 | D |
Explanation of responses
- F1The price reported in column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $60.25 to $60.41, inclusive. The reporting person undertakes to provide Hexcel Corporation, any security holder of Hexcel Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range of this footnote (1).
- F2Non-Qualified Stock Options ("NQOs") granted in a transaction exempt under Rule 16b.
- F3This Non-Qualified Stock Option became vested with respect to one third of the underlying shares of Common Stock on each of the first three anniversaries of the grant date. The grant date was ten years prior to the expiration date.