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DRAKE ASSET MANAGEMENT LLC
> HXL
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2009 | HEXCEL CORP /DE/ | HXL | 27,000 | -5,000 | 309,000 | 4,000 | $11.44 |
| 06/30/2009 | HEXCEL CORP /DE/ | HXL | 32,000 | 15,000 | 305,000 | 193,000 | $9.53 |
| 03/31/2009 | HEXCEL CORP /DE/ | HXL | 17,000 | 17,000 | 112,000 | 112,000 | $6.59 |
| 12/31/2008 | HEXCEL CORP /DE/ | HXL | 27,000 | 27,000 | 200,000 | 200,000 | $7.41 |
| 09/30/2008 | HEXCEL CORP /DE/ | HXL | 60,000 | 0 | 821,000 | -337,000 | $13.68 |
| 06/30/2008 | HEXCEL CORP /DE/ | HXL | 60,000 | 0 | 1,158,000 | 11,000 | $19.30 |
| 03/31/2008 | HEXCEL CORP /DE/ | HXL | 60,000 | 0 | 1,147,000 | -310,000 | $19.12 |
| 12/31/2007 | HEXCEL CORP /DE/ | HXL | 60,000 | 0 | 1,457,000 | 94,000 | $24.28 |
| 09/30/2007 | HEXCEL CORP /DE/ | HXL | 60,000 | 0 | 1,363,000 | 99,000 | $22.72 |
| 06/30/2007 | HEXCEL CORP /DE/ | HXL | 60,000 | 0 | 1,264,000 | 73,000 | $21.07 |
| 03/31/2007 | HEXCEL CORP /DE/ | HXL | 60,000 | 60,000 | 1,191,000 | 1,191,000 | $19.85 |
| 12/31/2006 | HEXCEL CORP /DE/ | HXL | 60,000 | 0 | 1,045,000 | 196,000 | $17.42 |
| 09/30/2006 | HEXCEL CORP /DE/ | HXL | 60,000 | 60,000 | 849,000 | 849,000 | $14.15 |
| 06/30/2006 | HEXCEL CORP /DE/ | HXL | 0 | -10,000 | 0 | -220,000 | |
| 03/31/2006 | HEXCEL CORP /DE/ | HXL | 10,000 | 10,000 | 220,000 | 220,000 | $22.00 |
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