HEXCEL CORP /DE/ — Director's Dealing 2018

May 3, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEXCEL CORP /DE/ (HXL)
CIK: 0000717605
Period of Report: 2018-05-01

Reporting Person: Merlot Thierry (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-01	Common Stock	M	3490	$19.02	Acquired	32331	Direct
2018-05-01	Common Stock	S	3490	$66.01	Disposed	28841	Direct
2018-05-01	Common Stock	S	5725	$65.97	Disposed	23116	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-04-27	Employee Stock Option (Right to Buy)	$19.02	M	3490	Disposed	2021-01-31	Common Stock (3490)	Direct

Footnotes

F1: These reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 15, 2017.

F2: The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $65.90 to $65.971, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, 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 set forth in this footnote (2) to this Form 4.

F3: The options vested in equal increments on the first three anniversaries of the date of grant. The date shown in the table is the date the options became fully vested.