HEXCEL CORP /DE/ — Director's Dealing 2011

Feb 18, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEXCEL CORP /DE/ (HXL)
CIK: 0000717605
Period of Report: 2011-02-17

Reporting Person: Hennemuth Robert George (SVP, Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-17	Common Stock	M	25000	$7.83	Acquired	62066	Direct
2011-02-17	Common Stock	F	9516	$20.57	Disposed	52550	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-17	Non-Qualified Stock Option	$7.83	M	25000	Disposed	2019-01-26	Common Stock (25000)	Direct

Footnotes

F1: Non-Qualified Options ("NQOs") granted in a transaction exempt under Rule 16b.

F2: The NQOs become vested with respect to one-third of the shares of Common Stock subject thereto on each of the first three anniversaries of the date of grant. Vesting of the NQOs is also subject to certain acceleration and termination provisions.