SEC Form 4 · accession 0000884905-16-000153
PRAXAIR INC · PX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eduardo F Menezes
Officer — Executive Vice President
Period of report
May 10, 2016
Accepted (ET)
May 12, 2016 · 12:15 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 StockF1 | May 10, 2016 | M | 25,000 | $61.47 | A | 63,047 | D | |
| Common StockF2,F1 | May 10, 2016 | S | 25,000 | $114.01 | D | 38,047 | D | |
| Common Stock | holding | — | — | — | 2,987 | 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)F3 | $61.47 | May 10, 2016 | M | 25,000 | D | Feb 27, 2008 | Feb 27, 2017 | Common Stock | 25,000 | 0 | D |
| Stock Option (right to buy)F3 | $83.89 | holding | — | — | — | Feb 26, 2009 | Feb 26, 2018 | Common Stock | 16,000 | 16,000 | D |
| Stock Option (right to buy)F3 | $76.16 | holding | — | — | — | Feb 23, 2011 | Feb 23, 2020 | Common Stock | 19,610 | 19,610 | 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)F3 | $110.58 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 35,220 | 35,220 | D |
| Stock Option (right to buy)F4 | $128.80 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 37,305 | 37,305 | D |
| Stock Option (right to buy)F5 | $128.38 | holding | — | — | — | Feb 24, 2016 | Feb 24, 2025 | Common Stock | 47,375 | 47,375 | D |
| Stock Option (right to buy)F6 | $102.22 | holding | — | — | — | Feb 23, 2017 | Feb 23, 2026 | Common Stock | 89,070 | 89,070 | D |
| Deferred StockF7,F8 | $0.00 | holding | — | — | — | — | — | Common Stock | 700 | 700 | D |
Explanation of responses
- F1This total includes shares preveiusly acquired through automatic dividend reinvestment under the Praxair Dividend Reinvestment and Stock Purchase Plan.
- F2The $114.01 price reported is the weighted average sale price. The actual sale prices ranged from $114.00 to $114.09 per share. Upon request of the SEC Staff, Praxair, Inc. or a security holder of Praxair, Inc., the reporting person will provide full information regarding the number of shares sold at each separate price.
- 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 25, 2015.
- F5This option vests over three years in three consecutive equal annual installments beginning on February 24, 2016.
- F6This options vests over three years in three consecutive 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, Inc. Compensation Deferral Program as amended ("Deferred Program") and are to be settled in Praxair Common Stock.