HEXCEL CORP /DE/ — Director's Dealing 2019

Nov 13, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HEXCEL CORP /DE/ (HXL)
CIK: 0000717605
Period of Report: 2019-11-08

Reporting Person: Swords Timothy (President, Industrial)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-08	Restricted Stock Units	$	A	0.82	Acquired		Common Stock (0.82)	Direct
2019-11-08	Restricted Stock Units	$	A	1.24	Acquired		Common Stock (1.24)	Direct
2019-11-08	Restricted Stock Units	$	A	2.13	Acquired		Common Stock (2.13)	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 30, 2017, the reporting person was granted 1,106 RSUs pursuant to the Hexcel Corporation 2013 Stock Incentive Plan (the "2013 Plan"), (ii) on January 30, 2018, 371 RSUs and Additional RSUs vested, (iii) on January 30, 2019, 374 RSUs and Additional RSUs vested, leaving 373.53 RSUs and Additional RSUs unvested and (iv) following January 30, 2019, the reporting person received aggregate dividend equivalents in the form of 2.34 Additional RSUs. On November 8, 2019, the reporting person received dividend equivalents in the form of 0.82 Additional RSUs, based on the $77.45 market price per underlying share on the dividend payment date.

F4: As previously reported, (i) on January 29, 2018, the reporting person was granted 844 RSUs pursuant to the 2013 Plan, (ii) on January 29, 2019, 283 RSUs and Additional RSUs vested, leaving 565.61 RSUs and Additional RSUs unvested and (iii) following January 29, 2019, the reporting person received aggregate dividend equivalents in the form of 3.56 Additional RSUs. On November 8, 2019, the reporting person received dividend equivalents in the form of 1.24 Additional RSUs, based on the $77.45 market price per underlying share on the dividend payment date.

F5: As previously reported, (i) on January 28, 2019, the reporting person was granted 969 RSUs pursuant to the 2013 Plan and (ii) following January 28, 2019, the reporting person received aggregate dividend equivalents in the form of 4.07 Additional RSUs. On November 8, 2019, the reporting person received dividend equivalents in the form of 2.13 Additional RSUs, based on the $77.45 market price per underlying share on the dividend payment date.