Home > Insider Trading > Filing (0001179110-11-004800)

Filing Details

Accession Number:: 0001179110-11-004800
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-03-11 17:18:44
Reporting Period:: 2011-01-31

Filing Date:: 2011-03-11
Accepted Time:: 2011-03-11 17:18:44
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
717605	Hexcel Corp	HXL	Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821)	941109521

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1233179	E David Berges	Hexcel Corporation 281 Tresser Blvd. Stamford CT 06901	Chairman & Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2011-03-10	80,609	$10.50	411,327	No	4	M	Direct
Common Stock	Acquisiton	2011-03-10	40,000	$10.50	451,327	No	4	M	Direct
Common Stock	Disposition	2011-03-10	80,609	$18.03	370,718	No	4	S	Direct
Common Stock	Disposition	2011-03-10	30,150	$18.00	340,568	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	F	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Non-Qualified Stock Option	Disposition	2011-03-10	80,609	$0.00	80,609	$10.50
Common Stock	Non-Qualified Stock Option	Disposition	2011-03-10	40,000	$0.00	40,000	$10.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
322,438		2011-07-30	No	4	M	Direct
235,000		2011-07-30	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	74,848	Indirect	By Berges 2009 Grantor Retained Annuity Trust I
Common Stock	38,175	Indirect	By Berges Family Trust

Footnotes

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 15, 2011.
The price reported in column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.34, inclusive. The reporting person undertakes to provide Hexcel Corporation, any security holder of Hexcel Corporation, 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 of this footnote (2).
These shares were exchanged with Hexcel Corporation in a stock-for-stock swap transaction to pay for the NQO exercise price and tax withholding required upon exercise of NQOs.
Non-Qualified Options ("NQOs") granted in a transaction exempt under Rule 16b.
The NQO becomes exercisable in full on July 29, 2011, but is subject to earlier vesting in equal one-third parts if the price of a share of Hexcel common stock reaches $15.75, $21.00 and $26.25 over consecutive thirty-day trading periods. The option vested as to one-third of the underlying shares in 2005 as Hexcel stock closed at $15.75 or higher for thirty consecutive days, and vested as to an additional third of the underlying shares in 2006 as Hexcel stock closed at $21.00 or higher for thirty consecutive days.
The NQOs vested over four years at a rate of one-sixteenth of the shares at the end of each three month period beginning with the three month period ending October 31, 2001.