SEC Form 4 · accession 0001209191-19-010357
HEXCEL CORP /DE/ · HXL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Guy C Hachey
Director
Period of report
Feb 12, 2019
Accepted (ET)
Feb 14, 2019 · 5:54 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 | — | Feb 12, 2019 | A | 6 | A | — | — | Common Stock | 6 | 2,846 | D |
| Restricted Stock UnitsF1,F4,F2 | — | Feb 12, 2019 | A | 5 | A | — | — | Common Stock | 5 | 2,241 | D |
| Restricted Stock UnitsF1,F5,F2 | — | Feb 12, 2019 | A | 5 | A | — | — | Common Stock | 5 | 2,439 | D |
| Restricted Stock UnitsF1,F6,F2 | — | Feb 12, 2019 | A | 4 | A | — | — | Common Stock | 4 | 2,103 | D |
| Restricted Stock UnitsF1,F7,F2 | — | Feb 12, 2019 | A | 3 | A | — | — | Common Stock | 3 | 1,609 | 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, in accordance with the reporting person's deferral election, will be converted into an equivalent number of shares of common stock of the issuer following the date the reporting person ceases to be a member of the board of directors of the issuer.
- F3As previously reported, (i) on October 10, 2014, the reporting person was granted 2,743 RSUs pursuant to the Hexcel Corporation 2013 Stock Incentive Plan (the "2013 Plan") and (ii) the reporting person has received aggregate dividend equivalents in the form of 97.52 Additional RSUs since the grant date. On February 12, 2019, the reporting person received dividend equivalents in the form of 5.97 Additional RSUs, based on the $71.28 market price per underlying share on the dividend payment date.
- F4As previously reported, (i) on May 7, 2015, the reporting person was granted 2,169 RSUs pursuant to the 2013 Plan and (ii) the reporting person has received aggregate dividend equivalents in the form of 67.13 Additional RSUs since the grant date. On February 12, 2019, the reporting person received dividend equivalents in the form of 4.70 Additional RSUs, based on the $71.28 market price per underlying share on the dividend payment date.
- F5As previously reported, (i) on May 5, 2016, the reporting person was granted 2,382 RSUs pursuant to the 2013 Plan and (ii) the reporting person has received aggregate dividend equivalents in the form of 51.93 Additional RSUs since the grant date. On February 12, 2019, the reporting person received dividend equivalents in the form of 5.12 Additional RSUs, based on the $71.28 market price per underlying share on the dividend payment date.
- F6As previously reported, (i) on May 4, 2017, the reporting person was granted 2,072 RSUs pursuant to the 2013 Plan and (ii) the reporting person has received aggregate dividend equivalents in the form of 26.47 Additional RSUs since the grant date. On February 12, 2019, the reporting person received dividend equivalents in the form of 4.41 Additional RSUs, based on the $71.28 market price per underlying share on the dividend payment date.
- F7As previously reported, (i) on May 3, 2018, the reporting person was granted 1,595 RSUs pursuant to the 2013 Plan and (ii) the reporting person has received aggregate dividend equivalents in the form of 10.23 Additional RSUs since the grant date. On February 12, 2019, the reporting person received dividend equivalents in the form of 3.37 Additional RSUs, based on the $71.28 market price per underlying share on the dividend payment date.