Michael Canario Form 4 HEXCEL / Michael Canario ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Canario Michael

(Last) (First) (Middle)

HEXCEL CORPORATION

281 TRESSER BLVD., 16TH FLOOR

(Street)

STAMFORD CT 06901

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HEXCEL CORP /DE/ [ HXL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
04/27/2018

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/27/2018		M		3,417	A	$19.02	7,170.5	D
Common Stock	04/27/2018		M		4,971	A	$25.03	11,961.5	D
Common Stock	04/27/2018		M		5,280	A	$28.27	17,241.5	D
Common Stock	04/27/2018		M		3,737	A	$43.01	20,978.5	D
Common Stock	04/27/2018		M		4,832	A	$43.96	25,810.5	D
Common Stock	04/27/2018		M		3,609	A	$41.71	29,419.5	D
Common Stock	04/27/2018		M		2,076	A	$50.5	31,495.5	D
Common Stock	04/27/2018		F		20,984	D	$66.76	10,511.5	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$19.02	04/27/2018		M			3,147	01/31/2014(1)	01/31/2021	Common Stock	3,417	$0.00	0	D
Employee Stock Option (Right to Buy)	$25.03	04/27/2018		M			4,971	01/30/2015(1)	01/30/2022	Common Stock	4,971	$0.00	0	D
Employee Stock Option (Right to Buy)	$28.27	04/27/2018		M			5,280	01/28/2016(1)	01/28/2023	Common Stock	5,280	$0.00	0	D
Employee Stock Option (Right to Buy)	$43.01	04/27/2018		M			3,737	01/28/2017	01/28/2024	Common Stock	3,737	$0.00	0	D
Employee Stock Option (Right to Buy)	$43.96	04/27/2018		M			4,832	01/27/2018(1)	01/27/2025	Common Stock	4,832	$0.00	0	D
Employee Stock Option (Right to Buy)	$41.71	04/27/2018		M			3,609	(2)	01/26/2026	Common Stock	3,609	$0.00	1,804	D
Employee Stock Option (Right to Buy)	$50.5	04/27/2018		M			2,076	(3)	01/30/2027	Common Stock	2,076	$0.00	4,149	D

Explanation of Responses:

1. The options vested in equal increments on the first three anniversaries of the date of grant. The date shown in the table is the date the options became fully vested.

2. The option vested as to 3,609 underlying shares in equal increments on January 26, 2017 and 2018. The option will vest with respect to the remaining 1,804 underlying shares on January 26, 2019.

3. The option vested as to 2,076 underlying shares in equal increments on January 26, 2017 and 2018. The option will vest with respect to the remaining 4,149 underlying shares in equal increments on January 30, 2019 and 2020.

Remarks:

President - Americas, Aerospace & Corporate Business Development

	/s/ Steven A. Wein, as attorney-in-fact for Michael J. Canario	05/01/2018
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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