HEXCEL CORP /DE/ — Director's Dealing 2011

Feb 10, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEXCEL CORP /DE/ (HXL)
CIK: 0000717605
Period of Report: 2011-02-09

Reporting Person: Domenichini Andrea (VP, Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-09	Common Stock	M	13978	$7.83	Acquired	22497	Direct
2011-02-09	Common Stock	S	4003	$20	Disposed	18494	Direct
2011-02-09	Common Stock	S	400	$20.02	Disposed	18094	Direct
2011-02-09	Common Stock	S	4800	$20.03	Disposed	13294	Direct
2011-02-09	Common Stock	S	10375	$20.04	Disposed	2919	Direct
2011-02-09	Common Stock	S	2400	$20.05	Disposed	519	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-09	Non-Qualified Stock Option	$7.83	M	13978	Disposed	2012-01-26	Common Stock (13978)	Direct

Footnotes

F1: Non-Qualified Options ("NQOs") granted under the Hexcel Corporation Incentive Stock Plan (the "ISP") in a transaction exempt under Rule 16b.

F2: NQOs granted under the ISP 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; the grant date was January 26, 2009.