HEXCEL CORP /DE/ — Director's Dealing 2018

Nov 13, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEXCEL CORP /DE/ (HXL)
CIK: 0000717605
Period of Report: 2018-11-09

Reporting Person: Hendricks Kimberly A. (See Remarks)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-11-09	Restricted StockUnits	$	A	0.79	Acquired		Common Stock (0.79)	Direct
2018-11-09	Restricted StockUnits	$	A	1.36	Acquired		Common Stock (1.36)	Direct
2018-11-09	Restricted StockUnits	$	A	5.71	Acquired		Common Stock (5.71)	Direct
2018-11-09	Restricted StockUnits	$	A	1.55	Acquired		Common Stock (1.55)	Direct

Footnotes

F1: Each restricted stock unit ("RSU") represents a conditional right to receive one share of common stock of the issuer. Dividend equivalents in the form of additional RSUs ("Additional RSUs") accrue with respect to RSUs (and any Additional RSUs previously accrued) when dividends are paid on shares of common stock of the issuer.

F2: The RSUs and Additional RSUs vest in equal increments on the first three anniversaries of the date of grant and convert into an equivalent number of shares of common stock of the issuer. Upon vesting, all fractional shares underlying the vesting tranche of RSUs and Additional RSUs are cancelled.

F3: As previously reported, (i) on January 26, 2016, the reporting person was granted 967 RSUs pursuant to the Hexcel Corporation 2013 Stock Incentive Plan (the "2013 Plan"), (ii) on January 26, 2017, 326 RSUs and Additional RSUs vested, (iii) on January 26, 2018, 327 RSUs and Additional RSUs vested, leaving an aggregate of 328.04 RSUs and Additional RSUs unvested and (iv) following January 26, 2018, the reporting person received aggregate dividend equivalents in the form of 1.91 Additional RSUs. On November 9, 2018, the reporting person received dividend equivalents in the form of 0.79 Additional RSUs, based on the $61.89 market price per underlying share on the dividend payment date.

F4: As previously reported, (i) on January 30, 2017, the reporting person was granted 837 RSUs pursuant to the 2013 Plan, (ii) on January 30, 2018, 281 RSUs and Additional RSUs vested, leaving an aggregate of 560.68 RSUs and Additional RSUs unvested and (iii) following January 30, 2018, the reporting person received aggregate dividend equivalents in the form of 3.29 Additional RSUs. On November 9, 2018, the reporting person received dividend equivalents in the form of 1.36 Additional RSUs, based on the $61.89 market price per underlying share on the dividend payment date.

F5: As previously reported, (i) on July 27, 2017, the reporting person was granted 3,500 RSUs pursuant to the 2013 Plan, (ii) on July 27, 2018, 1,176 RSUs and Additional RSUs vested, leaving an aggregate of 2,352 RSUs and Additional RSUs unvested and (iii) following July 27, 2018, the reporting person received dividend equivalents in the form of 5.14 Additional RSUs. On November 9, 2018, the reporting person received dividend equivalents in the form of 5.71 Additional RSUs, based on the $61.89 market price per underlying share on the dividend payment date.

F6: As previously reported, (i) on January 29, 2018, the reporting person was granted 637 RSUs pursuant to the 2013 Plan and (ii) following January 29, 2018, the reporting person received aggregate dividend equivalents in the form of 2.53 Additional RSUs. On November 9, 2018, the reporting person received dividend equivalents in the form of 1.55 Additional RSUs, based on the $61.89 market price per underlying share on the dividend payment date.