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HEXCEL CORP /DE/ — Director's Dealing 2015
Aug 21, 2015
31031_dirs_2015-08-21_8ffd8a7e-9bc3-4a85-911a-14a8ffa8cd46.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: HEXCEL CORP /DE/ (HXL)
CIK: 0000717605
Period of Report: 2015-08-19
Reporting Person: Pensky Wayne C (SVP, CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-08-19 | Common Stock | M | 5432 | $22.00 | Acquired | 93272 | Direct |
| 2015-08-19 | Common Stock | S | 5432 | $53.596 | Disposed | 87840 | Direct |
| 2015-08-19 | Common Stock | M | 8542 | $18.17 | Acquired | 96382 | Direct |
| 2015-08-19 | Common Stock | S | 8542 | $53.595 | Disposed | 87840 | Direct |
| 2015-08-19 | Common Stock | M | 19950 | $21.11 | Acquired | 107790 | Direct |
| 2015-08-19 | Common Stock | S | 19950 | $53.579 | Acquired | 87840 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-08-19 | Non-Qualified Stock Option | $22 | M | 5432 | Disposed | 2016-02-07 | Common Stock (5432) | Direct |
| 2015-08-19 | Non-Qualified Stock Option | $18.17 | M | 8542 | Disposed | 2017-01-29 | Common Stock (8542) | Direct |
| 2015-08-19 | Non-Qualified Stock Option | $21.11 | M | 19950 | Disposed | 2018-01-28 | Common Stock (19950) | Direct |
Footnotes
F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 3, 2015.
F2: The price reported in column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $53.40 to 54.00, inclusive. The reporting person undertakes to provide Hexcel Corporation, any security holder of Hexcel Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range of this footnote (2).
F3: The price reported in column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $53.38 to 54.00, inclusive. The reporting person undertakes to provide Hexcel Corporation, any security holder of Hexcel Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range of this footnote (3).
F4: The price reported in column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $53.32 to 53.88, inclusive. The reporting person undertakes to provide Hexcel Corporation, any security holder of Hexcel Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range of this footnote (4).
F5: Non-Qualified Stock Options ("NQOs") granted in a transaction exempt under Rule 16b.
F6: 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.