SEC Form 4 · accession 0001179110-18-001185
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
Jan 28, 2018
Accepted (ET)
Jan 29, 2018 · 5:42 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 StockF1 | Jan 26, 2018 | M | 1,371 | $0.00 | A | 28,841 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Jan 26, 2018 | M | 1,371 | D | — | Jan 26, 2018 | Common Stock | 1,371 | 0 | D |
Explanation of responses
- F1The Common Stock was acquired upon the conversion of Restricted Stock Units ("RSUs") in accordance with the terms of the underlying agreement. The RSUs were granted in a transaction exempt under Rule 16b.
- F2The 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.
- F3The RSUs vest and convert into an equivalent number of shares of Common Stock two-thirds on the second anniversary from the grant date, and one-third on the third anniversary from the grant date. Vesting of the RSUs is also subject to certain acceleration and termination provisions.