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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted StockUnits (1) | (1) | 02/12/2019 | A | 0.63 | (2) | (2) | Common Stock | 0.63 | $ 0 | 300.09 (3) | D | ||||
Restricted StockUnits (1) | (1) | 02/12/2019 | A | 3.07 | (2) | (2) | Common Stock | 3.07 | $ 0 | 1,466.4 (4) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Winterlich Patrick C/O HEXCEL CORPORATION 281 TRESSER BLVD., 16TH FLOOR STAMFORD, CT 06901 |
EVP, CFO |
/s/ Heather M. DeGregorio, as attorney-in-fact for Patrick Winterlich | 02/14/2019 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | 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. |
(2) | 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. |
(3) | On January 30, 2017, the reporting person was granted 888 RSUs pursuant to the Hexcel Corporation 2013 Stock Incentive Plan (the "2013 Plan"). As previously reported, (i) as of the date the grantee became a reporting person, 892.08 RSUs and Additional RSUs were unvested, (ii) on January 30, 2018, 298 RSUs and Additional RSUs vested and (iii) on January 30, 2019, 300 RSUs and Additional RSUs vested, leaving 299.46 RSUs and Additional RSUs unvested. On February 12, 2019, the reporting person received dividend equivalents in the form of 0.63 Additional RSUs, based on the $71.28 market price per underlying share on the dividend payment date. |
(4) | As previously reported, (i) on January 29, 2018, the reporting person was granted 2,182 RSUs pursuant to the 2013 Plan and (ii) on January 29, 2019, 732 RSUs and Additional RSUs vested, leaving 1,463.33 RSUs and Additional RSUs unvested. On February 12, 2019, the reporting person received dividend equivalents in the form of 3.07 Additional RSUs, based on the $71.28 market price per underlying share on the dividend payment date. |