Filing Details

Accession Number:
Form Type:
Zero Holdings:
Publication Time:
2011-06-13 15:53:30
Reporting Period:
Filing Date:
Filing Date Changed:
Accepted Time:
2011-06-13 16:53:30
Original Submission Date:
Cik Name Symbol Sector (SIC) IRS No
717605 Hexcel Corp HXL Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821) 941109521
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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings
Common Stock Acquisiton 2011-06-10 80,609 $10.50 444,117
Common Stock Disposition 2011-06-10 80,609 $19.09 363,508
Common Stock Acquisiton 2011-06-10 40,000 $10.50 403,508
Common Stock Disposition 2011-06-10 29,276 $19.22 374,232
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 F Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Non-Qualified Stock Option Disposition 2011-06-10 80,609 $0.00 80,609 $10.50
Common Stock Non-Qualified Stock Option Disposition 2011-06-10 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
80,611 2011-07-30 No 4 M Direct
115,000 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
  1. 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.
  2. The price reported in column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $18.95 to $19.39, 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).
  3. These shares were withheld as payment for the NQO exercise price and tax withholding required upon exercise of NQOs.
  4. Non-Qualified Options ("NQOs") granted in a transaction exempt under Rule 16b.
  5. 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.
  6. 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.

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