SEC Form 4 · accession 0001209191-18-058266
HEXCEL CORP /DE/ · HXL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Catherine A Suever
Director
Period of report
Nov 9, 2018
Accepted (ET)
Nov 13, 2018 · 4:30 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,F3,F2 | — | Nov 9, 2018 | A | 4 | A | — | — | Common Stock | 4 | 1,605 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a conditional right to receive one share of common stock of the issuer. Dividend equivalents in the form of additional RSUs ("Additional RSUs") accrue with respect to RSUs (and any Additional RSUs previously accrued) when dividends are paid on shares of common stock of the issuer.
- F2The RSUs and Additional RSUs vest in equal increments on a daily basis over one year and convert into an equivalent number of shares of common stock of the issuer on the first anniversary of the grant date.
- F3As previously reported, (i) on May 3, 2018, the reporting person was granted 1,595 RSUs pursuant to the Hexcel Corporation 2013 Stock Incentive Plan and (ii) the reporting person has received aggregate dividend equivalents in the form of 6.35 Additional RSUs since the grant date. On November 9, 2018, the reporting person received dividend equivalents in the form of 3.88 Additional RSUs, based on the $61.89 market price per underlying share on the dividend payment date.