SEC Form 4 · accession 0001179110-17-015363
HEXCEL CORP /DE/ · HXL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nick L Stanage
Officer — CEO and President · Director
Period of report
Dec 12, 2017
Accepted (ET)
Dec 14, 2017 · 4:11 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 12, 2017 | M | 7,000 | $10.90 | A | 161,463 | D | |
| Common StockF1 | Dec 12, 2017 | S | 3,800 | $62.00 | D | 157,663 | D | |
| Common Stock | Dec 12, 2017 | S | 3,200 | $62.011 | D | 154,463 | D | |
| Common StockF2 | holding | — | — | — | 32,115 | I | By the Nick Stanage 2016 Grantor Retained Annuity Trust |
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 OptionF3,F4 | $10.90 | Dec 12, 2017 | M | 7,000 | D | — | Feb 1, 2020 | Common Stock | 7,000 | 70,174 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 31, 2017.
- F2Mr. Stanage contributed 32,115 shares of common stock to the Nick Stanage 2016 Grantor Retained Annuity Trust for the benefit of himself and his son, David L. Stanage.
- F3Non-Qualified Options ("NQOs") granted in a transaction exempt under Rule 16b.
- F4This 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.