SEC Form 4 · accession 0000884905-17-000008

PRAXAIR INC · PX

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Senior VP & CFO

Period of report

Feb 27, 2017

Accepted (ET)

Mar 1, 2017 · 4:17 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 Stock^F1	Feb 27, 2017	M	1,998	$0.00	A	12,864	D
Common Stock^F2	Feb 27, 2017	F	687	$118.11	D	12,177	D
Common Stock	holding	—	—		—	2,619	I	401(k)

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Share Units^F3	$0.00	Feb 27, 2017	A	1,998	A	—	—	Common Stock	1,998	1,998	D
Performance Share Units^F3,F1	—	Feb 27, 2017	M	1,998	D	—	—	Common Stock	1,998	0	D
Stock Option (right to buy)^F4	$118.71	Feb 28, 2017	A	72,795	A	Feb 28, 2018	Feb 28, 2027	Common Stock	72,795	72,795	D
Stock Option (right to buy)^F5	$83.39	holding	—	—	—	Feb 26, 2009	Feb 26, 2018	Common Stock	7,200	7,200	D
Stock Option (right to buy)^F5	$83.89	holding	—	—	—	Feb 26, 2009	Feb 26, 2018	Common Stock	10,800	10,800	D
Stock Option (right to buy)^F5	$60.92	holding	—	—	—	Feb 24, 2010	Feb 24, 2019	Common Stock	20,290	20,290	D
Stock Option (right to buy)^F5	$76.16	holding	—	—	—	Feb 23, 2011	Feb 23, 2020	Common Stock	13,640	13,640	D
Stock Option (right to buy)^F5	$97.84	holding	—	—	—	Feb 22, 2012	Feb 22, 2021	Common Stock	14,845	14,845	D
Stock Option (right to buy)^F5	$109.68	holding	—	—	—	Feb 28, 2013	Feb 28, 2022	Common Stock	18,430	18,430	D
Stock Option (right to buy)^F5	$110.58	holding	—	—	—	Feb 26, 2014	Feb 26, 2023	Common Stock	15,060	15,060	D
Stock Option (right to buy)^F6	$128.80	holding	—	—	—	Feb 25, 2015	Feb 25, 2024	Common Stock	31,090	31,090	D
Stock Option (right to buy)^F7	$128.38	holding	—	—	—	Feb 24, 2016	Feb 24, 2025	Common Stock	40,865	40,865	D
Stock Option (right to buy)^F8	$102.22	holding	—	—	—	Feb 23, 2017	Feb 23, 2026	Common Stock	85,205	85,205	D
Deferred Stock^F9,F10	$0.00	holding	—	—	—	—	—	Common Stock	454	454	D

F1Shares of common stock acquired pursuant to the payout of a performance share unit grant made on February 25, 2014 (the "PSU").
F10Deferred stock units acquired under the Praxair, Inc. Compensation Deferral Plan as amended ("Deferral Plan") and are to be settled in Praxair Common Stock.
F2Shares of common stock withheld from the PSU payout to cover tax withholdings.
F3The PSU paid out on February 27, 2017 and the number of shares awarded and paid out was determined based upon the average annual return on capital ("ROC") of Praxair, Inc. from 2014-2016 measured against ROC goals set by the Compensation and Management Development Committee of the Board of Directors when the PSU was granted in 2014.
F4This option vests over three years in three consecutive equal annual installments beginning on February 28, 2018.
F5This option became exercisable in three (3) equal annual installments beginning on the first anniversary of the date of grant.
F6This option vests over three years in three consecutive equal annual installments beginning on February 25, 2015.
F7This option vests over three years in three consecutive equal annual installments beginning on February 24, 2016.
F8This option vests over three years in three consecutive equal annual installments beginning on February 23, 2017.
F9Conversion to Praxair Common Stock is on a 1-for-1 basis.