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OMB APPROVAL
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OMB Number: 3235-0362
Expires:September 30, 1998
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FORM 5
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934, Section 17(a) of the
Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[ ] Check box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
[ ] Form 3 Holdings Reported
[ ] Form 4 Transactions Reported
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1. Name and Address of Reporting Person*
Ciba Specialty Chemicals Holding Inc.
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(Last) (First) (Middle)
Klybeckstrasse 141
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(Street)
CH-4002, Basel
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(City) (State) (Zip)
Switzerland
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2. Issuer Name and Ticker or Trading Symbol
Hexcel Corporation / HXL
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
1997
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Reporting
(Check applicable box)
[ ] Form Filed by One Reporting Person
[ X ] Form Filed by More than One Reporting Person
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<PAGE>
Table 1 -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
4.
Securities 5.
Acquired Amount of
(A) or Securities 6. 7.
Disposed of (D) Beneficially Ownership Nature of
1. 2. 3. (Instr. 3, 4 and 5) Owned at Form: Indirect
Title of Transaction Transaction -------------------------- end of Issuer's Direct (D) Beneficial
Security Date Code (A) or Fiscal Year or Indirect (I) Ownership
(Instr. 3) (mm/dd/yy) (Instr. 8) Amount (D) Price (Instr. 3 and 4) (Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 3/13/97 J+ 9,204,503 A N.A 9,204,503 I Through
Ciba Specialty
Chemicals Inc.
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Common Stock 3/13/97 J+ 8,817,245 A N.A 8,817,245 I Through
Ciba Specialty
Chemicals
Corporation
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</TABLE>
* If the form is filed by more than one reporting person,
see Instruction 4(b)(v)
Page 1 of 3
<PAGE>
FORM 5 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9.
5. Number 10.
2. Number 7. of Owner- 11.
Conver- of Deriva- 6. Title 8. Deriva- ship of Nature
1. sion tive Date and Price tive Se- Deriva- of
Title or Securities Exercis- Amount of curities tive Se- Indi-
of Exer- 3. Acquired able and of De- Bene- curity: rect
Deriva- cise Trans- 4. (A) or Expira- Under- riva- ficially Direct Bene-
tive Price action Trans- Disposed tion lying tive Owned (D) or ficial
Secu- of Date action of (D) Date Securi- Secu- at End Indirect Owner-
rity Deriva- (Month/ Code (Instr. 3, (Month/ ties rity of Year (I) ship
(Instr. tive Day/ (Instr. 4 and Day/ (Instr. (Instr. (Instr. (Instr. (Instr.
3) Security Year) 4) 5) Year) 3 and 4 4) 4) 4) 4)
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Amount
or
Date Expira- Number
Exer- tion of
(A) (D) cisable Date Title Shares
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
+In connection with the merger of Ciba-Geigy Limited ("Ciba") and Sandoz, Ltd.
("Sandoz"), the shareholders of Ciba and Sandoz determined that it was in their
best interests to spin off the specialty chemicals businesses of Ciba and its
affiliates as a separate company. Ciba Specialty Chemicals Holding Inc. ("SCH")
was formed to hold the worldwide specialty chemicals businesses of Ciba and
Ciba's affiliates. The closing of the spin-off transaction became effective
upon the opening of business on March 13, 1997. SCH became the beneficial
owner, by virtue of its obtaining two wholly owned subsidiaries, Ciba
Specialty Chemicals Inc. ("CSCI") and Ciba Specialty Chemicals Corporation
("CSCC"), of 18,021,748 shares of Hexcel Corporation Common Stock as part of the
spin-off transaction. Of such shares, CSCI beneficially owns 9,204,503 shares
and CSCC beneficially owns 8,817,245 shares.
** INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS.
SEE 18 U.S.C. 1001 AND U.S.C. 78FF(A).
NOTE: File three copies of this Form, one of which must be manually
signed. If space provided is insufficient, see Instruction 6 for
procedure.
Ciba Specialty Chemicals Holding Inc.
by:
/s/ Peter Rupprecht
/s/ Max Dettwiler 2/17/98
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**Signature of Reporting Person Date
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB number.
Page 2 of 3
<PAGE>
Additional Reporting Persons
Additional Reporting Person: Ciba Specialty Chemicals Inc.
(a wholly owned subsidiary of
Ciba Specialty Chemicals Holding Inc.)
Address: Klybeckstrasse 141,
CH-4002, Basel, Switzerland
Designated Filer: Ciba Specialty Chemicals Holding Inc.
Issuer & Ticker Symbol: Hexcel Corporation / HXL
Statement for Month/Year: 1997
Ciba Specialty Chemicals
Inc.
by /s/ Peter Rupprecht
/s/ Max Dettwiler 2/17/98
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Signature of Date
Reporting Person
Additional Reporting Person: Ciba Specialty Chemicals Corporation
(a wholly owned subsidiary of
Ciba Specialty Chemicals Holding Inc.)
Address: P.O. Box 2005
560 White Plains Road
Tarrytown, NY 10591
Designated Filer: Ciba Specialty Chemicals Holding Inc.
Issuer & Ticker Symbol: Hexcel Corporation / HXL
Statement for Month/Year: 1997
Ciba Specialty Chemicals
Corporation
by /s/ John McGraw 2/17/98
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Signature of Date
Reporting Person
Page 3 of 3
