HEXCEL CORP /DE/ 4
4 · HEXCEL CORP /DE/ · Filed May 23, 2005
Insider Transaction Report
Form 4
BELLOWS H ARTHUR JR
Director
Transactions
- Award
Restricted Stock Units
2005-05-19+1,503→ 1,503 total→ Common Stock (1,503 underlying)
Footnotes (2)
- [F1]Restricted Stock Units ("RSUs") granted under the Hexcel Corporation 2003 Incentive Stock Plan in a transaction exempt under Rule 16b.
- [F2]The RSUs vest in three equal installments on the grant date and on the first and second anniversaries of the grant date and convert into an equal number of shares of common stock on the second anniversary of the grant date, unless the grantee elects to defer conversion until such time as the grantee ceases to be a director of Hexcel Corporation. Vesting and conversion are subject to certain acceleration and termination provisions.