UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 1)
Under the Securities Exchange Act of 1934
Hexcel Corporation
- --------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
- --------------------------------------------------------------------------
(Title of Class of Securities)
428290 10 0
- --------------------------------------------------------------------------
(CUSIP Number)
If to Ciba-Geigy Limited: If to Ciba-Geigy Corporation:
Dr. Peter Rudolf John J. McGraw
Ciba-Geigy Limited Ciba-Geigy Corporation
Klybeckstrasse 141 520 White Plains Road
CH-4002, Basle Tarrytown, NY 10591-9005
Switzerland (914) 785-2041
41-61-696-1111
- --------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
February 29, 1996
- --------------------------------------------------------------------------
(Date of Event which Requires Filing of this Amendment)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this Schedule
13D, and is filing this Schedule because of Rule 13d-1(b)(3) or (4),
check the following box [ ].
Check the following box if a fee is being paid with the statement [ ].
(A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent
of the class of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership of five percent
or less of such class.) (See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in a
prior cover page.
The information required on the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to the
liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).
(Page 1 of 6 pages)
<PAGE>
CUSIP No. 428290 10 0 13D Page 2 of 6 Pages
- --------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ciba-Geigy Limited
- --------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2 (d) OR 2(e) [ ]
- --------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Switzerland
- --------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 9,204,503 shares
BENEFICIALLY ---------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0 shares
REPORTING ---------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
9,204,503 shares
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
- --------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,021,748 shares*
- --------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- --------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
49.9%
- --------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC, CO
- --------------------------------------------------------------------------
- ----------------------
*Ciba-Geigy Corporation, which holds 8,817,245 shares, is a wholly-owned
subsidiary of Ciba-Geigy Limited.
<PAGE>
CUSIP No. 428290 10 0 13D Page 3 of 6 Pages
- --------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ciba-Geigy Corporation
I.R.S. No. 13-1834433
- --------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2 (d) OR 2(e) [ ]
- --------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 8,817,245 shares
BENEFICIALLY ---------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0 shares
REPORTING ---------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
8,817,245 shares
---------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 shares
- --------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,817,245 shares*
- --------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- --------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.4%
- --------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------
- -----------------------
*Ciba-Geigy Corporation is a wholly owned subsidiary of Ciba-Giegy
Limited, which holds 9,204,503 shares.
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 1)
Statement of
CIBA-GEIGY LIMITED
CIBA-GEIGY CORPORATION
Pursuant to Section 13(d) of the
Securities Exchange Act of 1934
in respect of
HEXCEL CORPORATION
This Report relates to the common stock, par value $0.01 per
share (the "Common Stock"), of Hexcel Corporation, a Delaware
corporation (the "Issuer"). The Reports on Schedule 13D filed by each
of Ciba-Geigy Limited ("Ciba") and Ciba-Geigy Corporation ("CGC") on
October 11, 1995 (the "Schedules 13D") are each hereby amended and
supplemented as set forth below. All capitalized terms not otherwise
defined herein shall have the meanings ascribed to them in the
Schedules 13D.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 is amended by adding the following paragraph
immediately after the first paragraph of such Item 3:
The Strategic Alliance Agreement was amended as of December
12, 1995 to reduce the principal amount of the subordinated debt
described above from approximately $48 million to approximately $43
million.
<PAGE>
Item 5. Interest in Securities of the Issuer.
Item 5 is amended and restated in its entirety to read as
follows:
(a) and (b). The Closing took place on February 29, 1996. At
the Closing, Ciba and CGC received a total of 18,021,748 shares of
Common Stock, representing 49.9% of the total number of outstanding
shares of Common Stock at the time of the Closing. Of this amount,
9,204,503 shares, or 25.5% of the total number of outstanding shares,
are beneficially owned directly by Ciba. The remaining 8,817,245
shares, or 24.4% of the total number of outstanding shares, are
beneficially owned indirectly by Ciba, through its wholly-owned
subsidiary, CGC.
(c) Except as set forth above, none of Ciba, CGC nor, to the
best knowledge of Ciba and CGC, any of the persons listed in Schedule
1 to the Schedules 13D, has effected any transaction in Common Stock
in the past 60 days.
(d) None.
(e) Not applicable.
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of the knowledge
and belief of the undersigned, the undersigned certify that the
information set forth in this statement is true, complete and correct.
Dated March 6, 1996
Ciba-Geigy Limited,
/s/ Dr. Peter Rudolf /s/ Peter Rupprecht
- ------------------------ -----------------------
Name: Dr. Peter Rudolf Name: Peter Rupprecht
Title: Senior Division Counsel Title: Division Counsel
After reasonable inquiry and to the best of the knowledge
and belief of the undersigned, the undersigned certifies that the
information set forth in this statement is true, complete and correct.
Dated: March 6, 1996
Ciba-Geigy Corporation,
/s/ Stanley Sherman
-------------------------
Name: Stanley Sherman
Title: Vice President,
Finance and Information Services
