HEXCEL CORP /DE/ — Director's Dealing 2015

Aug 6, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEXCEL CORP /DE/ (HXL)
CIK: 0000717605
Period of Report: 2015-08-05

Reporting Person: KRAKOWER IRA J (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-08-05	Common Stock	M	16585	$22.00	Acquired	263232	Direct
2015-08-05	Common Stock	S	16585	$51.99	Disposed	246647	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-08-05	Non-Qualified Stock Option	$22.00	M	16585	Disposed	2016-02-07	Common Stock (16585)	Direct

Footnotes

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

F2: This Non-Qualified Stock Option became vested with respect to one third of the underlying shares of Common Stock on each of the first three anniversaries of the grant date. The grant date was ten years prior to the expiration date.