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HEXCEL CORP /DE/ — Director's Dealing 2017
Jan 26, 2017
31031_dirs_2017-01-26_60aabf2d-45cc-4e5c-8dc8-3a24b60c384a.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: 2017-01-24
Reporting Person: Canario Michael (President, Aerospace -Americas)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-01-24 | Common Stock | M | 1995 | — | Acquired | 2450.5 | Direct |
| 2017-01-24 | Common Stock | F | 1013 | $50.99 | Disposed | 1437.5 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-01-24 | Performance-Based Award | $ | M | 1995 | Disposed | Common Stock (1995) | Direct |
Footnotes
F1: The Common Stock was acquired upon the conversion of a performance-based award ("PBA") in accordance with the terms of an underlying Performance Based Award Agreement (the "Agreement") dated January 28, 2014.
F2: Includes units representing 56.5 shares held through the Hexcel Stock Fund under Hexcel Corporation's 401(k) plan.
F3: The Common Stock was withheld as payment of tax withholding required upon conversion of the PBA.
F4: The PBA was granted in a transaction exempt under Rule 16b. Upon vesting, the PBA converted into an equivalent number of shares of Common Stock that are distributed to the grantee.
F5: The PBA vested and converted into an equivalent number of shares of Common Stock on January 24, 2017.