0001179110-11-007865.txt : 20110512
0001179110-11-007865.hdr.sgml : 20110512
20110512164617
ACCESSION NUMBER: 0001179110-11-007865
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110510
FILED AS OF DATE: 20110512
DATE AS OF CHANGE: 20110512
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BERGES DAVID E
CENTRAL INDEX KEY: 0001233179
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08472
FILM NUMBER: 11836349
MAIL ADDRESS:
STREET 1: C/O HEXCEL CORP
STREET 2: 281 TRESSER BLVD
CITY: STAMFORD
STATE: CT
ZIP: 06901
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: HEXCEL CORP /DE/
CENTRAL INDEX KEY: 0000717605
STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS [2821]
IRS NUMBER: 941109521
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: TWO STAMFORD PLAZA
STREET 2: 281 TRESSER BLVD., 16TH FLOOR
CITY: STAMFORD
STATE: CT
ZIP: 06901
BUSINESS PHONE: 203-969-0666
MAIL ADDRESS:
STREET 1: TWO STAMFORD PLAZA
STREET 2: 281 TRESSER BLVD., 16TH FLOOR
CITY: STAMFORD
STATE: CT
ZIP: 06901
4
1
edgar.xml
FORM 4 -
X0303
4
2011-05-10
0
0000717605
HEXCEL CORP /DE/
HXL
0001233179
BERGES DAVID E
HEXCEL CORPORATION
281 TRESSER BLVD.
STAMFORD
CT
06901
1
1
0
0
Chairman & CEO
Common Stock
2011-05-10
4
M
0
80609
10.50
A
431828
D
Common Stock
2011-05-10
4
S
0
80609
21.7991
D
351219
D
Common Stock
2011-05-11
4
M
0
40000
10.50
A
391219
D
Common Stock
2011-05-11
4
F
0
27711
21.78
D
363508
D
Common Stock
74848
I
By Berges 2009 Grantor Retained Annuity Trust I
Common Stock
38175
I
By Berges Family Trust
Non-Qualified Stock Option
10.50
2011-05-10
4
M
0
80609
0
D
2011-07-30
Common Stock
80609
161220
D
Non-Qualified Stock Option
10.50
2011-05-11
4
M
0
40000
0
D
2011-07-30
Common Stock
40000
155000
D
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 $21.57 to $21.91, 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 withheld as payment 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 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.
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.
/s/David E. Berges, by Adam P. Gold, Attorney-in-fact
2011-05-12