SEC Form 4 · accession 0000884905-17-000014
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
Feb 27, 2017
Accepted (ET)
Mar 1, 2017 · 6:02 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 | Feb 27, 2017 | M | 13,080 | $0.00 | A | 91,786 | D | |
| Common StockF2 | Feb 27, 2017 | F | 6,402 | $118.11 | D | 85,384 | D | |
| Common Stock | holding | — | — | — | 2,268 | I | In trust for children | |
| Common Stock | holding | — | — | — | 115,249 | I | Grantor Retained Annuity Trusts | |
| Common Stock | holding | — | — | — | 13,164 | I | Angel Descendants Trust | |
| Common Stock | holding | — | — | — | 8,895 | 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 UnitsF3 | $0.00 | Feb 27, 2017 | A | 13,080 | A | — | — | Common Stock | 13,080 | 13,080 | D |
| Performance Share UnitsF3,F1 | — | Feb 27, 2017 | M | 13,080 | D | — | — | Common Stock | 13,080 | 0 | D |
| Stock Option (right to buy)F4 | $118.71 | Feb 28, 2017 | A | 435,850 | A | Feb 28, 2018 | Feb 28, 2027 | Common Stock | 435,850 | 435,850 | D |
| Stock Option (right to buy)F5 | $83.89 | holding | — | — | — | Feb 26, 2009 | Feb 26, 2018 | Common Stock | 195,200 | 195,200 | D |
| Stock Option (right to buy)F5 | $60.92 | holding | — | — | — | Feb 24, 2010 | Feb 24, 2019 | Common Stock | 281,510 | 281,510 | D |
| Stock Option (right to buy)F5 | $76.16 | holding | — | — | — | Feb 23, 2011 | Feb 23, 2020 | Common Stock | 204,640 | 204,640 | D |
| Stock Option (right to buy)F5 | $97.84 | holding | — | — | — | Feb 22, 2012 | Feb 22, 2021 | Common Stock | 218,175 | 218,175 | D |
| Stock Option (right to buy)F5 | $109.68 | holding | — | — | — | Feb 28, 2013 | Feb 28, 2022 | Common Stock | 236,510 | 236,510 | D |
| Stock Option (right to buy) | $110.58 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 187,015 | 187,015 | D |
| Stock Option (right to buy)F6 | $128.80 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 203,930 | 203,930 | D |
| Stock Option (right to buy)F7 | $128.38 | holding | — | — | — | Feb 24, 2016 | Feb 24, 2025 | Common Stock | 261,075 | 261,075 | D |
| Stock Option (right to buy)F8 | $102.22 | holding | — | — | — | Feb 23, 2017 | Feb 23, 2026 | Common Stock | 416,355 | 416,355 | D |
| Deferred Stock UnitF9,F10 | $0.00 | holding | — | — | — | — | — | Common Stock | 65,123 | 65,123 | D |
Explanation of responses
- 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 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.
- F8The option vests over three years in three consecutivve equal annual installments beginning on February 23, 2017.
- F9Conversion to Praxair Common Stock is on a 1-for-1 basis.