SEC Form 4 · accession 0000884905-16-000119
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 29, 2016
Accepted (ET)
Mar 1, 2016 · 4:13 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 | Feb 29, 2016 | M | 707 | $0.00 | A | 17,140 | D | |
| Common StockF3,F2 | Feb 29, 2016 | F | 243 | $103.24 | D | 16,897 | D | |
| Common Stock | holding | — | — | — | 3,922 | 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 | Feb 29, 2016 | A | 707 | A | — | — | Common Stock | 707 | 707 | D |
| Performance Share UnitsF4,F1 | — | Feb 29, 2016 | M | 707 | D | — | — | Common Stock | 707 | 0 | D |
Explanation of responses
- F1Shares of common stock acquired pursuant to the payout of a performance share unit grant made on February 26, 2013 (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 February 29, 2016, and the number of shares awareded and paid out was determined based upon the average annual return on capital ("ROC") of Praxair, Inc. from 2013 - 2015 measured against ROC goals set by the Compensation and Management Development Committee of the Board of Directors when the PSU was granted in 2013.