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 *
BERGES DAVID E
  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
__X__ Officer (give title below) _____ Other (specify below)
Chairman & CEO
(Last)
(First)
(Middle)
HEXCEL CORPORATION, 281 TRESSER BLVD.
3. Date of Earliest Transaction (Month/Day/Year)
04/11/2011
(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
Common Stock 04/11/2011   M   55,109 A $ 10.5 395,677 D  
Common Stock 04/11/2011   S(1)   55,109 D $ 19.2951 (2) 340,568 D  
Common Stock 04/12/2011   M   25,500 A $ 10.5 366,068 D  
Common Stock 04/12/2011   S(1)   25,500 D $ 19.0804 (3) 340,568 D  
Common Stock 04/12/2011   M   40,000 A $ 10.5 380,568 D  
Common Stock 04/12/2011   F   29,349 (4) D $ 19.11 351,219 D  
Common Stock               74,848 I By Berges 2009 Grantor Retained Annuity Trust I
Common Stock               38,175 I By Berges Family Trust

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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
Non-Qualified Stock Option (5) $ 10.5 04/11/2011   M     55,109   (6) 07/30/2011 Common Stock 55,109 $ 0 267,329 D  
Non-Qualified Stock Option (5) $ 10.5 04/12/2011   M     25,500   (6) 07/30/2011 Common Stock 25,500 $ 0 241,829 D  
Non-Qualified Stock Option (5) $ 10.5 04/12/2011   M     40,000   (7) 07/30/2011 Common Stock 40,000 $ 0 195,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BERGES DAVID E
HEXCEL CORPORATION
281 TRESSER BLVD.
STAMFORD, CT 06901
  X     Chairman & CEO  

Signatures

 /s/David E. Berges, by Adam P. Gold, Attorney-in-fact   04/12/2011
**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 sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 15, 2011.
(2) The price reported in column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $19.14 to $19.51, inclusive. The reporting person undertakes to provide Hexcel Corporation, any security holder of Hexcel Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range of this footnote (2).
(3) The price reported in column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $18.94 to $19.1875, inclusive. The reporting person undertakes to provide Hexcel Corporation, any security holder of Hexcel Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range of this footnote (2).
(4) 21,978 shares were exchanged with Hexcel Corporation in a stock-for-stock swap transaction to pay for the NQO exercise price. 7,371 shares were withheld as payment of tax withholding required upon exercise of NQOs.
(5) Non-Qualified Options ("NQOs") granted in a transaction exempt under Rule 16b.
(6) The NQOs vested over four years at a rate of one-sixteenth of the shares at the end of each three month period beginning with the three month period ending October 31, 2001.
(7) The NQO becomes exercisable in full on July 29, 2011, but is subject to earlier vesting in equal one-third parts if the price of a share of Hexcel common stock reaches $15.75, $21.00 and $26.25 over consecutive thirty-day trading periods. The option vested as to one-third of the underlying shares in 2005 as Hexcel stock closed at $15.75 or higher for thirty consecutive days, and vested as to an additional third of the underlying shares in 2006 as Hexcel stock closed at $21.00 or higher for thirty consecutive days.

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