SEC Form 4 · accession 0000884905-16-000115
PRAXAIR INC · PX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott E Telesz
Officer — Executive Vice President
Period of report
Feb 23, 2016
Accepted (ET)
Feb 25, 2016 · 5:05 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 | holding | — | — | — | 38,680 | D | ||
| Common Stock | holding | — | — | — | 520 | I | In trusts for Children |
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)F2 | $102.22 | Feb 23, 2016 | A | 88,945 | A | Feb 23, 2017 | Feb 23, 2026 | Common Stock | 88,945 | 88,945 | D |
| Stock Option (right to buy)F3 | $97.84 | holding | — | — | — | Feb 22, 2012 | Feb 22, 2021 | Common Stock | 42,880 | 42,880 | D |
| Stock Option (right to buy)F3 | $109.68 | holding | — | — | — | Feb 28, 2013 | Feb 28, 2022 | Common Stock | 43,005 | 43,005 | D |
| Stock Option (right to buy)F4 | $110.58 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 35,220 | 35,220 | D |
| Stock Option (right to buy)F5 | $128.80 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 37,305 | 37,305 | D |
| Stock Option (right to buy)F6 | $128.38 | holding | — | — | — | Feb 24, 2016 | Feb 24, 2025 | Common Stock | 47,375 | 47,375 | D |
| Deferred StockF7,F8 | $0.00 | holding | — | — | — | — | — | Common Stock | 605 | 605 | D |
Explanation of responses
- F1Includes unvested restricted stock units.
- F2This option vests over three years in three consecutive equal annual installments beginning on February 23, 2017.
- 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 26, 2014.
- F5This option vests over three years in three consecutive equal annual installments beginning on February 25, 2015.
- F6This option vests over three years in three consecutive equal annual installments beginning on February 24, 2016.
- 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.