SEC Form 4 · accession 0001209191-19-010388

HEXCEL CORP /DE/ · HXL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Table I — non-derivative securities

Table II — derivative securities

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 the first three anniversaries of the date of grant and convert into an equivalent number of shares of common stock of the issuer. Upon vesting, all fractional shares underlying the vesting tranche of RSUs and Additional RSUs are cancelled.
• F3On January 30, 2017, the reporting person received a grant pursuant to the Hexcel Corporation 2013 Stock Incentive Plan (the "2013 Plan"). As previously reported, (i) as of the date the grantee became a reporting person, 800.25 RSUs and Additional RSUs were unvested, (ii) on January 30, 2018, 267 RSUs and Additional RSUs vested and (iii) on January 30, 2019, 268 RSUs and Additional RSUs vested, leaving 267.99 RSUs and Additional RSUs unvested. On February 12, 2019, the reporting person received dividend equivalents in the form of 0.56 Additional RSUs, based on the $71.28 market price per underlying share on the dividend payment date.
• F4As previously reported, (i) on January 29, 2018, the reporting person was granted 702 RSUs pursuant to the 2013 Plan and (ii) on January 29, 2019, 236 RSUs and Additional RSUs vested, leaving 470 RSUs and Additional RSUs unvested. On February 12, 2019, the reporting person received dividend equivalents in the form of 0.98 Additional RSUs, based on the $71.28 market price per underlying share on the dividend payment date.