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OMB APPROVAL
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OMB Number 3235-0287
Expires: December 31, 2001
Estimated average burden
hours per response ....... 0.5
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
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 this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
(Print or Type Response)
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1. Name and Address of Reporting Person*
Sacerdote Peter M.
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(Last) (First) (Middle)
c/o Goldman, Sachs & Co., 85 Broad Street
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(Street)
New York NY 10004
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Hexcel Corporation (NYSE:HXL)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
December 2000
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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)
[ X ] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing
(Check Applicable Line)
[ X ] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
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TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF,
OR BENEFICIALLY OWNED
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock, par value
$0.01 per share 14,525,000 I (1)(2)
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
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 1 of 3
<PAGE>
FORM 4 (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. 10.
Number Owner-
of ship
2. Deriv- Form of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Non-Qualified Stock
Options (right to $9.3125 12/19/00 A V 10,000 (3) 12/19/10 Common 10,000 10,000 (3) (1)(3)
buy)(3) Stock
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Non-Qualified Stock
Options (right to $9.3125 12/19/00 A V 10,000 (4) 12/19/10 Common 10,000 10,000 (4) (1)(4)
buy)(4) Stock
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</TABLE>
Explanation of Responses: (SEE ATTACHED PAGES)
/s/ Hans L. Reich January 10, 2001
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(**)Signature of Reporting Person Date
Peter M. Sacerdote by Attorney-in-fact
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
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>
Item 1: Peter M. Sacerdote
c/o Goldman, Sachs & Co.
85 Broad Street
New York, NY 10004
Item 2: Hexcel Corporation (HXL)
Item 4: December 2000
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Explanation of Responses:
(1) The Reporting Person is an advisory director of Goldman,
Sachs & Co. ("Goldman Sachs"). Goldman Sachs is an indirect wholly-owned
subsidiary of The Goldman Sachs Group, Inc. ("GS Group"). The Reporting
Person disclaims beneficial ownership of the securities reported herein
except to the extent of his pecuniary interest therein, if any.
(2) Goldman Sachs and GS Group may be deemed to own beneficially
and indirectly in the aggregate 14,525,000 shares of Common Stock through
certain investment partnerships and limited liability companies of which
Goldman Sachs or affiliates of Goldman Sachs and GS Group are the general
partner, managing general partner, managing partner, managing member,
manager or investment manager.
(3) These options were granted pursuant to the Hexcel Incentive
Stock Plan to the Reporting Person. These options are exercisable in three
equal annual increments beginning on December 19, 2000. The Reporting
Person has an understanding with GS Group pursuant to which he holds such
options for the benefit of GS Group.
(4) These options were granted pursuant to the Hexcel Incentive
Stock Plan to a managing director of Goldman Sachs in his capacity as a
director of the Issuer. These options are exercisable in three equal
annual increments beginning on December 19, 2000. That managing director
has an understanding with GS Group pursuant to which he holds such options
for the benefit of GS Group.
Page 3 of 3
