SEC Form 4 · accession 0000884905-15-000010
PRAXAIR INC · PX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Elizabeth T Hirsch
Officer — Vice President & Controller
Period of report
Feb 3, 2015
Accepted (ET)
Feb 5, 2015 · 2:28 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000884905
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 3, 2015 | M | 16,000 | $53.98 | A | 31,692 | D | |
| Common StockF2,F1 | Feb 3, 2015 | S | 16,000 | $122.56 | D | 15,692 | D | |
| Common Stock | holding | — | — | — | 3,709 | I | 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3 | $53.98 | Feb 3, 2015 | M | 16,000 | D | Feb 28, 2007 | Feb 28, 2016 | Common Stock | 16,000 | 0 | D |
| Stock Option (right to buy)F3 | $61.47 | holding | — | — | — | Feb 27, 2008 | Feb 27, 2017 | Common Stock | 18,000 | 18,000 | D |
| Stock Option (right to buy)F3 | $83.89 | holding | — | — | — | Feb 26, 2009 | Feb 26, 2018 | Common Stock | 6,400 | 6,400 | D |
| Stock Option (right to buy)F3 | $83.89 | holding | — | — | — | Feb 26, 2009 | Feb 26, 2018 | Common Stock | 9,600 | 9,600 | D |
| Stock Option (right to buy)F3 | $60.92 | holding | — | — | — | Feb 24, 2010 | Feb 24, 2019 | Common Stock | 10,820 | 10,820 | D |
| Stock Option (right to buy)F3 | $76.16 | holding | — | — | — | Feb 23, 2011 | Feb 23, 2020 | Common Stock | 5,115 | 5,115 | D |
| Stock Option (right to buy)F3 | $97.84 | holding | — | — | — | Feb 22, 2012 | Feb 22, 2021 | Common Stock | 9,895 | 9,895 | D |
| Stock Option (right to buy)F4 | $109.68 | holding | — | — | — | Feb 28, 2013 | Feb 28, 2022 | Common Stock | 9,680 | 9,680 | D |
| Stock Option (right to buy)F5 | $110.58 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 8,015 | 8,015 | D |
| Stock Option (right to buy)F6 | $128.80 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 8,705 | 8,705 | D |
| Deferred Stock UnitsF7,F8 | $0.00 | holding | — | — | — | — | — | Common Stock | 100 | 100 | D |
Explanation of responses
- F1This total includes shares previously acquired through automatic dividend reinvestment under the Praxair Dividend Reinvestment and Stock Purchase Plan.
- F2The $122.56 price reported is the weighted average sale price. The sale prices ranged from $122.43 to $122.67 per share. Upon request of the SEC Staff, Praxair, Inc. or a security holder of Praxair, Inc., the reporting person will provide full information regarding the number of shares sold at each separate price.
- F3This option became exercisable in three (3) equal annual installments beginning on the first anniversary of the date of grant.
- F4This option vests over three years in three consecutive equal annual installments beginning on February 28, 2013.
- F5This option vests over three years in three consecutive equal annual installments beginning on February 26, 2014.
- F6This option vests over three years in three consecutive equal annual installments beginning on February 25, 2015.
- F7Conversion to Praxair Common Stock is on a 1-for-1 basis.
- F8Deferred stock units acquired under the Praxair, Inc. Compensation Deferral Plan as amended ("Deferral Plan") and are to be settled in Praxair Common Stock.