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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*
The Goldman Sachs Group, Inc.
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(Last) (First) (Middle)
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)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing
(Check Applicable Line)
[ ] Form filed by One Reporting Person
[ X ] 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 (1) (1) (1)
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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 8
<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 (2) (2) 12/19/10 Common 10,000 (2) (2) (1)(2)
buy)(2) Stock
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Non-Qualified Stock
Options (right to $9.3125 12/19/00 A V (3) (3) 12/19/10 Common 10,000 (3) (3) (1)(3)
buy)(3) Stock
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</TABLE>
Explanation of Responses: (SEE ATTACHED PAGES)
(See Attached Pages) January 10, 2001
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(**)Signature of Reporting Person Date
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 8
<PAGE>
Item 1: The Goldman Sachs Group, Inc.
85 Broad Street
New York, NY 10004
Item 2: December 2000
Item 4: Hexcel Corporation (HXL)
Instruction 4(b)(v) list of other Reporting Persons:
This statement is being filed by The Goldman Sachs Group, Inc. ("GS
Group"), Goldman, Sachs & Co. ("Goldman Sachs"), GS Advisors 2000, L.L.C.
("GS Advisors"), Goldman, Sachs & Co. oHG ("GS oHG"), Goldman Sachs
Management GP GmbH ("GS GmbH"), GS Employee Funds 2000, G.P., L.L.C. ("GS
Employee 2000"), Stone Street 2000, L.L.C. ("Stone 2000"), GS Capital
Partners 2000, L.P. ("GS Capital"), GS Capital Partners 2000 Offshore, L.P.
("GS Offshore"), GS Capital Partners 2000 GmbH & Co. Beteiligungs KG ("GS
Germany"), GS Capital Partners 2000 Employee Fund, L.P. ("GS Employee"),
Stone Street Fund 2000, L.P. ("Stone Street" and, together with GS Capital,
GS Offshore, GS Germany and GS Employee, the "Limited Partnerships"), LXH
Holdings Corp. ("LXH Corp."), LXH Holdings, L.P. ("LXH L.P."), LXH, L.L.C.
("LXH"), and LXH II, L.L.C. ("LXH II" and, together with LXH, the
"Purchasers") (GS Group, Goldman Sachs, GS Advisors, GS oHG, GS GmbH, GS
Employee 2000, Stone 2000, the Limited Partnerships, LXH Corp., LXH L.P.,
and the Purchasers, collectively, the "Filing Persons"). The principal
business address of each Filing Person (other than GS Offshore, GS oHG, GS
Germany and GS GmbH) is 85 Broad Street, New York, NY 10004. The principal
business address for GS Offshore is c/o Maples and Calder, P.O. Box 309,
Grand Cayman, Cayman Islands. The principal business address for each of GS
oHG, GS GmbH and GS Germany is MesseTurm, 60308 Frankfurt am Main, Germany.
Explanation of Responses:
(1) GS Group and Goldman Sachs may be deemed to own beneficially
and indirectly an aggregate of 14,525,000 shares of Common Stock by reason
of the beneficial ownership of such shares by the Purchasers.
Affiliates of GS Group and Goldman Sachs are the managing members
of the Purchasers. Affiliates of GS Group and Goldman Sachs are the general
partners or managing partners of the Limited Partnerships. Goldman Sachs is
the investment manager of the Limited Partnerships. Goldman Sachs is an
indirect wholly-owned subsidiary of GS Group. Each of Goldman Sachs and GS
Group disclaims beneficial ownership of the shares of Common Stock owned
beneficially and directly by the Purchasers and owned beneficially and
indirectly by the Limited Partnerships, except to the extent of their
pecuniary interest therein.
Each of (i) GS Capital, the managing member of LXH, the managing
general partner of LXH L.P. and the sole stockholder of LXH Corp., and (ii)
GS Advisors, the general partner of GS Capital, may be deemed to own
beneficially and indirectly an aggregate of 8,272,312 shares of Common
Stock by reason of LXH's beneficial ownership of such shares. Each of GS
Capital and GS Advisors disclaims beneficial ownership of the securities
reported herein except to the extent of its pecuniary interest therein.
Page 3 of 8
<PAGE>
LXH Corp., the limited partner of LXH L.P., may be deemed to own
beneficially and indirectly 221,325.7 shares of Common Stock by reason of
LXH's beneficial ownership of such shares. LXH Corp. disclaims beneficial
ownership of the securities described herein except to the extent of its
pecuniary interest therein.
LXH L.P., a member of LXH, may be deemed to own beneficially and
indirectly 257,299.2 shares of Common Stock by reason of LXH's beneficial
ownership of such shares. LXH L.P. disclaims beneficial ownership of the
securities described herein except to the extent of its pecuniary interest
therein.
LXH may be deemed to own beneficially and directly 8,272,312
shares of Common Stock.
Each of (i) GS Offshore, the managing member of LXH II, and (ii)
GS Advisors, the general partner of GS Offshore, may be deemed to own
beneficially and indirectly 3,005,843 shares of Common Stock by reason of
LXH II's beneficial ownership of such shares. Each of GS Offshore and GS
Advisors disclaims beneficial ownership of the securities reported herein
except to the extent of its pecuniary interest therein.
Each of (i) GS Germany, a member of LXH II, (ii) GS GmbH, the
sole managing partner of GS Germany, and (iii) GS oHG, the sole managing
partner of GS GmbH, may be deemed to own beneficially and indirectly
345,764 shares of Common Stock by reason of LXH II's beneficial ownership
of such shares. Each of GS Germany, GS GmbH and GS oHG disclaims beneficial
ownership of the securities reported herein except to the extent of its
pecuniary interest therein.
Each of (i) GS Employee, a member of LXH II and (ii) GS Employee
2000, the general partner of GS Employee, may be deemed to own beneficially
and indirectly 2,628,354 shares of Common Stock by reason of LXH II's
beneficial ownership of such shares. Each of GS Employee and GS Employee
2000 disclaims beneficial ownership of the securities reported herein
except to the extent of its pecuniary interest therein.
Each of (i) Stone Street, a member of LXH II and (ii) Stone 2000,
the general partner of Stone Street, may be deemed to own beneficially and
indirectly 272,727 shares of Common Stock by reason of LXH II's beneficial
ownership of such shares. Each of Stone Street and Stone 2000 disclaims
beneficial ownership of the securities reported herein except to the extent
of its pecuniary interest therein.
LXH II may be deemed to own beneficially and directly 6,252,688
shares of Common Stock.
(2) GS Group may be deemed to beneficially own 10,000 options granted
pursuant to the Hexcel Incentive Stock Plan to Sanjeev K. Mehra, a managing
director of Goldman Sachs, an indirect wholly-owned subsidiary of GS Group,
in his capacity as a director of the Issuer. These options are exercisable
in three equal annual increments beginning on December 19, 2000. Sanjeev K.
Mehra has an understanding with GS Group pursuant to which he holds such
options for the benefit of GS Group.
Page 4 of 8
<PAGE>
(3) GS Group may be deemed to beneficially own 10,000 options granted
pursuant to the Hexcel Incentive Stock Plan to Peter M. Sacerdote, an
advisory director of Goldman Sachs, an indirect wholly-owned subsidiary of
GS Group, in his capacity as a director of the Issuer. These options are
exercisable in three equal annual increments beginning on December 19,
2000. Peter M. Sacerdote has an understanding with GS Group pursuant to
which he holds such options for the benefit of GS Group.
Page 5 of 8
<PAGE>
SIGNATURES:
THE GOLDMAN SACHS GROUP, INC.
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
GOLDMAN, SACHS & CO.
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
GS ADVISORS 2000, L.L.C.
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
GOLDMAN, SACHS & CO. oHG
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
GOLDMAN SACHS MANAGEMENT GP GmbH
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
GS EMPLOYEE FUNDS 2000, G.P., L.L.C.
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
Page 6 of 8
<PAGE>
STONE STREET 2000, L.L.C.
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
GS CAPITAL PARTNERS 2000, L.P.
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
GS CAPITAL PARTNERS 2000 OFFSHORE, L.P.
By: /s/ Hans L. Reich
--------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
GS CAPITAL PARTNERS 2000 GMBH & CO.
BETEILIGUNGS KG
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
GS CAPITAL PARTNERS 2000
EMPLOYEE FUND, L.P.
By: /s/ Hans L. Reich
--------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
STONE STREET FUND 2000, L.P.
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
Page 7 of 8
<PAGE>
LXH HOLDINGS CORP.
By: /s/ Hans L. Reich
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Name: Hans L. Reich
Title: Attorney-in-fact
LXH HOLDINGS, L.P.
By: /s/ Hans L. Reich
--------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
LXH, L.L.C.
By: /s/ Hans L. Reich
--------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
LXH II, L.L.C.
By: /s/ Hans L. Reich
--------------------------------
Name: Hans L. Reich
Title: Attorney-in-fact
Page 8 of 8
