HEXCEL CORP /DE/ — Director's Dealing 2017

May 5, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEXCEL CORP /DE/ (HXL)
CIK: 0000717605
Period of Report: 2017-05-04

Reporting Person: FOSTER W KIM (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-05	Common Stock	M	2382	—	Acquired	7087	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-04	Restricted Stock Units	$0	A	2072	Acquired		Common Stock (2072)	Direct
2017-05-05	Restricted Stock Units	$0	M	2382	Disposed		Common Stock (2382)	Direct

Footnotes

F1: The Common Stock was acquired upon the conversion of Restricted Stock Units ("RSUs") in accordance with the terms of the underlying agreement. The RSUs were granted in a transaction exempt under Rule 16b.

F2: RSUs granted under the Hexcel Corporation 2013 Incentive Stock Plan in a transaction exempt under Rule 16b.

F3: The RSUs vest ratably over the one-year period following the grant date which was May 4, 2017, and convert into an equal number of shares of Common Stock on the first anniversary of the grant date.

F4: The RSUs vested ratably over the one-year period immediately following the grant date, and converted into an equal number of shares of Common Stock on the first anniversary of the grant date. The grant date was one year prior to the expiration date.