SEC Form 4 · accession 0000884905-16-000180
PRAXAIR INC · PX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anne K Roby
Officer — Senior Vice President
Period of report
Oct 31, 2016
Accepted (ET)
Nov 2, 2016 · 8:09 am 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 | Oct 31, 2016 | M | 5,103 | $83.89 | A | 19,337 | D | |
| Common StockF1 | Oct 31, 2016 | S | 5,103 | $117.37 | D | 14,234 | D | |
| Common Stock | Oct 31, 2016 | M | 2,897 | $83.89 | A | 17,131 | D | |
| Common Stock | Oct 31, 2016 | M | 12,000 | $83.89 | A | 29,131 | D | |
| Common StockF2 | Oct 31, 2016 | S | 12,000 | $117.41 | D | 17,131 | D | |
| Common Stock | holding | — | — | — | 898 | 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 | $83.89 | Oct 31, 2016 | M | 5,103 | D | Feb 26, 2009 | Feb 26, 2018 | Common Stock | 5,103 | 2,897 | D |
| Stock Option (right to buy)F3 | $83.89 | Oct 31, 2016 | M | 2,897 | D | Feb 26, 2009 | Feb 26, 2018 | Common Stock | 2,897 | 0 | D |
| Stock Option (right to buy)F3 | $83.89 | Oct 31, 2016 | M | 12,000 | D | Feb 26, 2009 | Feb 26, 2018 | Common Stock | 12,000 | 0 | D |
| Stock Option (right to buy)F3 | $76.16 | holding | — | — | — | Feb 23, 2011 | Feb 23, 2020 | Common Stock | 10,230 | 10,230 | D |
| Stock Option (right to buy)F3 | $97.84 | holding | — | — | — | Feb 22, 2012 | Feb 22, 2021 | Common Stock | 13,195 | 13,195 | D |
| Stock Option (right to buy)F3 | $109.68 | holding | — | — | — | Feb 28, 2013 | Feb 28, 2022 | Common Stock | 18,430 | 18,430 | D |
| Stock Option (right to buy)F3 | $110.58 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 15,790 | 15,790 | D |
| Stock Option (right to buy)F4 | $128.80 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 19,900 | 19,900 | D |
| Stock Option (right to buy)F5 | $128.38 | holding | — | — | — | Feb 24, 2016 | Feb 24, 2025 | Common Stock | 26,490 | 26,490 | D |
| Stock Option (right to buy)F6 | $102.22 | holding | — | — | — | Feb 23, 2017 | Feb 23, 2026 | Common Stock | 49,405 | 49,405 | D |
| Deferred StockF7,F8 | $0.00 | holding | — | — | — | — | — | Common Stock | 4,071 | 4,071 | D |
Explanation of responses
- F1The $117.37 price reported is the weighted average sale price. The sale prices ranged from $117.30 to $117.415 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.
- F2The $117.41 price reported is the weighted average sale price. The sale prices ranged from $117.30 to $117.60 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 option 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 Plan as amended ("Deferral Plan") and are to be settled in Praxair Common Stock.