Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
GRAVES JEFFREY A
  2. Issuer Name and Ticker or Trading Symbol
HEXCEL CORP /DE/ [HXL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
HEXCEL CORPORATION, 281 TRESSER BLVD., 16TH FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
05/11/2018
(Street)

STAMFORD, CT 06901
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Dividend Equivalent Rights (1) 05/11/2018   A   2.86 (2)     (2)   (2) Common Stock 2.86 $ 0 1,597.86 D  
Dividend Equivalent Rights (1) 05/11/2018   A   3.98 (2)     (2)   (2) Common Stock 3.98 $ 0 2,225.87 D  
Dividend Equivalent Rights (1) 05/11/2018   A   4.34 (2)     (2)   (2) Common Stock 4.34 $ 0 2,422.76 D  
Dividend Equivalent Rights (1) 05/11/2018   A   3.74 (2)     (2)   (2) Common Stock 3.74 $ 0 2,088.84 D  
Dividend Equivalent Rights (1) 05/11/2018   A   0.51 (2)     (2)   (2) Common Stock 0.51 $ 0 290.06 D  
Dividend Equivalent Rights (1) 05/11/2018   A   0.5 (2)     (2)   (2) Common Stock 0.5 $ 0 282.5 D  
Dividend Equivalent Rights (1) 05/11/2018   A   4.63 (2)     (2)   (2) Common Stock 4.63 $ 0 2,585.25 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GRAVES JEFFREY A
HEXCEL CORPORATION
281 TRESSER BLVD., 16TH FLOOR
STAMFORD, CT 06901
  X      

Signatures

 /s/ Steven A. Wein, as attorney-in-fact for Jeffrey A. Graves   05/15/2018
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The dividend equivalent rights ("DERs") accrued with respect to restricted stock units ("RSUs") previously granted to the Reporting Person. Each DER represents a contingent right to receive one share of Issuer common stock upon delivery of the related RSUs to the Reporting Person.
(2) The RSUs to which the DERs relate vest ratably over the twelve months following the date of grant. In accordance with the Reporting Person's deferral election, shares of Issuer common stock underlying vested RSUs and the related DERs will be issued to the Reporting Person following the time that the Reporting Person ceases to be a member of the Issuer's Board of Directors.

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