HEXCEL CORP /DE/ 4
4 · HEXCEL CORP /DE/ · Filed Aug 19, 2015
Insider Transaction Report
Form 4
Hill David Charles
Director
Transactions
- Award
Restricted Stock Units
2015-08-17+3.98→ 2,172.98 total→ Common Stock (3.98 underlying)
Footnotes (3)
- [F1]The underlying Restricted Stock Units ("RSUs") were granted in a transaction exempt under Rule 16b.
- [F2]As previously reported, on May 7, 2016, the reporting person was granted 2,169 RSUs. Dividend equivalent rights accrue with respect to the unvested RSUs when and as dividends are paid on Hexcel common stock. The 3.98 dividend equivalent rights reflect dividend equivalent rights at $54.47 per RSU owned by the reporting person on the record date and credited to the reporting person's account on August 17, 2015.
- [F3]The underlying RSUs vest ratably over the one year following the grant date and convert into an equivalent number of shares of Common Stock at such time as the grantee ceases to be a member of Hexcel's Board. Vesting and conversion are subject to certain acceleration and termination provisions.