HEXCEL CORP /DE/ 4
4 · HEXCEL CORP /DE/ · Filed Feb 16, 2016
Insider Transaction Report
Form 4
Hill David Charles
Director
Transactions
- Award
Restricted Stock Units
2016-02-12+5.49→ 2,183.29 total→ Common Stock (5.49 underlying)
Footnotes (3)
- [F1]The underlying Restricted Stock Units ("RSUs") were granted in a transaction exempt under Rule 16b. Upon vesting, RSUs are converted into an equivalent number of shares of Common Stock that are distributed to the grantee.
- [F2]As previously reported, on May 7, 2015, 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 5.49 dividend equivalent rights reflect dividend equivalent rights at $39.61 per RSU owned by the reporting person on the record date and credited to the reporting person's account on February 12, 2016.
- [F3]The underlying RSUs vest and convert into an equivalent number of shares of Common Stock in equal installments on the first three anniversaries from the grant date. Vesting of the RSUs is also subject to certain acceleration and termination provisions.