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: BECKMAN JOEL S (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-11-09	Restricted Stock Units	$	A	6.27	Acquired		Common Stock (6.27)	Direct
2018-11-09	Restricted Stock Units	$	A	5.4	Acquired		Common Stock (5.4)	Direct
2018-11-09	Restricted Stock Units	$	A	5.88	Acquired		Common Stock (5.88)	Direct
2018-11-09	Restricted Stock Units	$	A	5.07	Acquired		Common Stock (5.07)	Direct
2018-11-09	Restricted Stock Units	$	A	3.88	Acquired		Common Stock (3.88)	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 a daily basis over one year and, in accordance with the reporting person's deferral election, will be converted into an equivalent number of shares of common stock of the issuer following the date the reporting person ceases to be a member of the board of directors of the issuer.

F3: As previously reported, (i) on May 8, 2014, the reporting person was granted 2,508 RSUs pursuant to the Hexcel Corporation 2013 Stock Incentive Plan (the "2013 Plan") and (ii) the reporting person has received aggregate dividend equivalents in the form of 82.90 Additional RSUs since the grant date. On November 9, 2018, the reporting person received dividend equivalents in the form of 6.27 Additional RSUs, based on the $61.89 market price per underlying share on the dividend payment date.

F4: As previously reported, (i) on May 7, 2015, the reporting person was granted 2,169 RSUs pursuant to the 2013 Plan and (ii) the reporting person has received aggregate dividend equivalents in the form of 61.73 Additional RSUs since the grant date. On November 9, 2018, the reporting person received dividend equivalents in the form of 5.40 Additional RSUs, based on the $61.89 market price per underlying share on the dividend payment date.

F5: As previously reported, (i) on May 5, 2016, the reporting person was granted 2,382 RSUs pursuant to the 2013 Plan and (ii) the reporting person has received aggregate dividend equivalents in the form of 46.05 Additional RSUs since the grant date. On November 9, 2018, the reporting person received dividend equivalents in the form of 5.88 Additional RSUs, based on the $61.89 market price per underlying share on the dividend payment date.

F6: As previously reported, (i) on May 4, 2017, the reporting person was granted 2,072 RSUs pursuant to the 2013 Plan and (ii) the reporting person has received aggregate dividend equivalents in the form of 21.40 Additional RSUs since the grant date. On November 9, 2018, the reporting person received dividend equivalents in the form of 5.07 Additional RSUs, based on the $61.89 market price per underlying share on the dividend payment date.

F7: As previously reported, (i) on May 3, 2018, the reporting person was granted 1,595 RSUs pursuant to the 2013 Plan and (ii) the reporting person has received aggregate dividend equivalents in the form of 6.35 Additional RSUs since the grant date. On November 9, 2018, the reporting person received dividend equivalents in the form of 3.88 Additional RSUs, based on the $61.89 market price per underlying share on the dividend payment date.