SEC Form 4 · accession 0000884905-15-000035
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
Mar 3, 2015
Accepted (ET)
Mar 5, 2015 · 2:57 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,F2 | Mar 3, 2015 | M | 1,392 | $0.00 | A | 17,084 | D | |
| Common StockF3,F2 | Mar 3, 2015 | F | 678 | $127.90 | D | 16,406 | D | |
| Common Stock | holding | — | — | — | 3,727 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF4 | $0.00 | Mar 3, 2015 | A | 1,392 | A | — | — | Common Stock | 1,392 | 1,392 | D |
| Performance Share UnitsF4,F1 | — | Mar 3, 2015 | M | 1,392 | D | — | — | Common Stock | 1,392 | 0 | D |
| Deferred Stock UnitsF5,F6 | $0.00 | Mar 3, 2015 | A | 22 | A | — | — | Common Stock | 22 | 121 | D |
Explanation of responses
- F1Shares of common stock acquired pursuant to the payout of a performance share unit grant made on February 28, 2012 (the "PSU").
- F2This total includes shares previously acquired through automatic dividend reinvestment under the Praxair Dividend Reinvestment and Stock Purchase Plan.
- F3Shares of common stock withheld from the PSU payout to cover tax withholdings.
- F4The PSU paid out on March 3, 2015, and the number of shares awareded 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.
- F5Conversion to Praxair Common Stock is on a 1-for-1 basis.
- F6Deferred stock units acquired under the Praxair, Inc. Compensation Deferral Program as amended ("Deferred Program") and are to be settled in Praxair Common Stock.