SEC Form 4 · accession 0000884905-15-000024
PRAXAIR INC · PX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen F Angel
Officer — Chairman, President & CEO · Director
Period of report
Feb 24, 2015
Accepted (ET)
Feb 26, 2015 · 5:01 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 Stock | Feb 25, 2015 | M | 5,472 | $53.98 | A | 106,782 | D | |
| Common Stock | Feb 25, 2015 | S | 5,472 | $129.00 | D | 101,310 | D | |
| Common Stock | holding | — | — | — | 2,268 | I | In trust for children | |
| Common Stock | holding | — | — | — | 58,065 | I | Grantor Retained Annuity Trusts | |
| Common Stock | holding | — | — | — | 7,879 | 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)F1 | $128.38 | Feb 24, 2015 | A | 261,075 | A | Feb 24, 2016 | Feb 24, 2025 | Common Stock | 261,075 | 261,075 | D |
| Stock Option (right to buy)F2 | $53.98 | Feb 25, 2015 | M | 5,472 | D | Feb 28, 2007 | Feb 29, 2016 | Common Stock | 5,472 | 57,028 | D |
| Stock Option (right to buy)F2 | $61.47 | holding | — | — | — | Feb 27, 2008 | Feb 27, 2017 | Common Stock | 308,300 | 308,300 | D |
| Stock Option (right to buy)F2 | $83.89 | holding | — | — | — | Feb 26, 2009 | Feb 26, 2018 | Common Stock | 195,200 | 195,200 | D |
| Stock Option (right to buy)F2 | $60.92 | holding | — | — | — | Feb 24, 2010 | Feb 24, 2019 | Common Stock | 281,510 | 281,510 | D |
| Stock Option (right to buy)F2 | $76.16 | holding | — | — | — | Feb 23, 2011 | Feb 23, 2020 | Common Stock | 204,640 | 204,640 | D |
| Stock Option (right to buy)F2 | $97.84 | holding | — | — | — | Feb 22, 2012 | Feb 22, 2021 | Common Stock | 218,175 | 218,175 | D |
| Stock Option (right to buy)F3 | $109.68 | holding | — | — | — | Feb 28, 2013 | Feb 28, 2022 | Common Stock | 236,510 | 236,510 | D |
| Stock Option (right to buy)F4 | $110.58 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 187,015 | 187,015 | D |
| Stock Option (right to buy)F5 | $128.80 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 203,930 | 203,930 | D |
| Deferred Stock UnitF6,F7 | $0.00 | holding | — | — | — | — | — | Common Stock | 61,187 | 61,187 | D |
Explanation of responses
- F1This option vests over three years in three consecutive equal annual installments beginning on February 24, 2016.
- F2This option became exercisable in three (3) equal annual installments beginning on the first anniversary of the date of grant.
- F3This option vests over three years in three consecutive equal annual installments beginning on February 28, 2013.
- F4This option vests over three years in three consecutive equal annual installments beginning on February 26, 2014.
- F5This option vests over three years in three consecutive equal annual installments beginning on February 25, 2015.
- F6Conversion to Praxair Common Stock is on a 1-for-1 basis.
- F7Deferred stock units acquired under the Praxair Compensation Deferral Program as amended and are to be settled in Praxair Common Stock.