SEC Form 4 · accession 0000884905-16-000138
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
Apr 12, 2016
Accepted (ET)
Apr 14, 2016 · 4:00 pm EDT
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 | Apr 12, 2016 | M | 100,000 | $61.47 | A | 113,847 | D | |
| Common StockF1 | Apr 12, 2016 | F | 76,458 | $114.06 | D | 37,389 | D | |
| Common Stock | holding | — | — | — | 2,268 | I | In trust for children | |
| Common Stock | holding | — | — | — | 173,649 | I | Grantor Retained Annuity Trusts | |
| Common Stock | holding | — | — | — | 13,164 | I | Angel Descendants Trust | |
| Common Stock | holding | — | — | — | 8,530 | 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)F2 | $61.47 | Apr 12, 2016 | M | 100,000 | D | Feb 27, 2008 | Feb 27, 2017 | Common Stock | 100,000 | 83,300 | 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)F2 | $109.68 | holding | — | — | — | Feb 28, 2013 | Feb 28, 2022 | Common Stock | 236,510 | 236,510 | D |
| Stock Option (right to buy)F3 | $110.58 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 187,015 | 187,015 | D |
| Stock Option (right to buy)F4 | $128.80 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 203,930 | 203,930 | D |
| Stock Option (right to buy)F5 | $128.38 | holding | — | — | — | Feb 24, 2016 | Feb 24, 2025 | Common Stock | 261,075 | 261,075 | D |
| Stock Option (right to buy)F6 | $102.22 | holding | — | — | — | Feb 23, 2017 | Feb 23, 2026 | Common Stock | 416,355 | 416,355 | D |
| Deferred Stock UnitF7,F8 | $0.00 | holding | — | — | — | — | — | Common Stock | 63,893 | 63,893 | D |
Explanation of responses
- F1Shares of common stock withheld to pay the exercise price of the stock option and to pay tax withholdings. There was no market sale of any shares. The 100,000 shares acquired upon the option exercise, net of 76,458 shares used to pay the exercise price and taxes, resulted in 23,542 shares that were retained.
- 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 26, 2014.
- F4This option vests over three years in three consecutive equal annual installments beginning on February 25, 2015.
- F5This option vests over three years in three consecutive equal annual installments beginning on February 24, 2016.
- F6The option vests over three years in three consecutivve equal annual installments beginning on February 23, 2017.
- F7Conversion to Praxair Common Stock is on a 1-for-1 basis.
- F8Deferred stock units acquired under the Praxair Compensation Deferral Plan as amended ("Deferral Plan") and are to be settled in Praxair Common Stock.