SEC Form 4 · accession 0000884905-17-000015
PRAXAIR INC · PX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward G Galante
Director
Period of report
Mar 1, 2017
Accepted (ET)
Mar 2, 2017 · 3:24 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 | Mar 1, 2017 | M | 540 | $85.79 | A | 14,608 | D | |
| Common StockF1 | Mar 1, 2017 | F | 385 | $120.565 | D | 14,223 | D |
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 | $85.79 | Mar 1, 2017 | M | 540 | D | Dec 11, 2008 | Dec 11, 2017 | Common Stock | 540 | 0 | D |
| Stock Option (right to buy)F2 | $83.89 | holding | — | — | — | Feb 26, 2009 | Feb 26, 2018 | Common Stock | 3,885 | 3,885 | D |
| Stock Option (right to buy)F2 | $60.92 | holding | — | — | — | Feb 24, 2010 | Feb 24, 2019 | Common Stock | 4,600 | 4,600 | D |
| Deferred Stock UnitsF5,F3,F4 | $0.00 | holding | — | — | — | — | — | Common Stock | 10,298 | 10,298 | D |
Explanation of responses
- F1Shares of common stock withheld to pay the exercise price of the stock option. There was no market sale of any shares. The 540 shares acquired upon the option exercise, net of 385 shares used to pay the exercise price, resulted in 155 shares that were acquired and held.
- F2This option became exercisable in three (3) equal annual installments beginning on the first anniversary of the date of grant.
- F3Conversion to Praxair Common Stock is on a 1-for-1 basis.
- F4Deferred stock units acquired by reporting person under the Praxair, Inc. Director's Fees Deferral Plan and are to be settled in Praxair Common Stock upon the reporting person's retirement or termination of service.
- F5This total includes shares previously acquired through automatic dividend reinvestment under the Plan.