SEC Form 4 · accession 0000884905-15-000029

PRAXAIR INC · PX

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chairman, President & CEO · Director

Period of report

Mar 3, 2015

Accepted (ET)

Mar 5, 2015 · 2:50 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^F1	Mar 3, 2015	M	33,960	$0.00	A	135,270	D
Common Stock^F2	Mar 3, 2015	F	16,522	$127.90	D	118,748	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)

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Share Units^F3	$0.00	Mar 3, 2015	A	33,960	A	—	—	Common Stock	33,960	33,960	D
Performance Share Units^F1,F3	—	Mar 3, 2015	M	33,960	D	—	—	Common Stock	33,960	0	D
Deferred Stock Units^F4,F5	$0.00	Mar 3, 2015	A	313	A	—	—	Common Stock	313	61,500	D

F1Shares of common stock acquired pursuant to the payout of a performance share unit grant made on February 28, 2012 (the "PSU").
F2Shares of common stock withheld from the PSU payout to cover tax withholdings.
F3The PSU paid out on March 3, 2015, and the number of shares awarded and paid out was determined based upon the cumulative earnings per share ("EPS") of Praxair, Inc. from 2012 - 2014 measured against EPS goals set by the Compensation and Management Development Committee of the Board of Directors when the PSU was granted in 2012.
F4Conversion to Praxair Common Stock is on a 1-for-1 basis.
F5Deferred stock units acquired under the Praxair, Inc. Compensation Deferral Program as amended ("Deferred Program") and are to be settled in Praxair Common Stock.