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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 Stock Units (1) | (1) | 08/10/2018 | A | 5.72 | (2) | (2) | Common Stock | 5.72 | $ 0 | 2,627.01 (3) | D | ||||
| Restricted Stock Units (1) | (1) | 08/10/2018 | A | 4.86 | (2) | (2) | Common Stock | 4.86 | $ 0 | 2,230.73 (4) | D | ||||
| Restricted Stock Units (1) | (1) | 08/10/2018 | A | 5.29 | (2) | (2) | Common Stock | 5.29 | $ 0 | 2,428.05 (5) | D | ||||
| Restricted Stock Units (1) | (1) | 08/10/2018 | A | 4.56 | (2) | (2) | Common Stock | 4.56 | $ 0 | 2,093.4 (6) | D | ||||
| Restricted Stock Units (1) | (1) | 08/10/2018 | A | 3.49 | (2) | (2) | Common Stock | 3.49 | $ 0 | 1,601.35 (7) | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| EGNOTOVICH CYNTHIA M HEXCEL CORPORATION 281 TRESSER BLVD., 16TH FLOOR STAMFORD, CT 06901 |
X | |||
| /s/ Steven A. Wein, as attorney-in-fact for Cynthia M. Egnotovich | 08/13/2018 | |
| **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 a daily basis over one year and convert into an equivalent number of shares of common stock of the issuer on the first anniversary of the grant date. In accordance with the reporting person's deferral election, the shares of common stock underlying the reporting person's vested RSUs and Additional RSUs, 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. |
| (3) | As previously reported, (i) on January 2, 2015, the reporting person was granted 2,543 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 78.29 Additional RSUs since the grant date. On August 10, 2018, the reporting person received dividend equivalents in the form of 5.72 Additional RSUs, based on the $68.63 market price per underlying share on the dividend payment date. |
| (4) | 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 56.87 Additional RSUs since the grant date. On August 10, 2018, the reporting person received dividend equivalents in the form of 4.86 Additional RSUs, based on the $68.63 market price per underlying share on the dividend payment date. |
| (5) | 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 40.76 Additional RSUs since the grant date. On August 10, 2018, the reporting person received dividend equivalents in the form of 5.29 Additional RSUs, based on the $68.63 market price per underlying share on the dividend payment date. |
| (6) | 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 16.84 Additional RSUs since the grant date. On August 10, 2018, the reporting person received dividend equivalents in the form of 4.56 Additional RSUs, based on the $68.63 market price per underlying share on the dividend payment date. |
| (7) | 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 2.86 Additional RSUs since the grant date. On August 10, 2018, the reporting person received dividend equivalents in the form of 3.49 Additional RSUs, based on the $68.63 market price per underlying share on the dividend payment date. |