SEC Form 4 · accession 0000884905-17-000035
PRAXAIR INC · PX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raymond W Leboeuf
Director
Period of report
Apr 25, 2017
Accepted (ET)
Apr 27, 2017 · 4:46 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 | Apr 25, 2017 | A | 1,357 | $0.00 | A | 11,523 | D | |
| Common Stock | Apr 26, 2017 | M | 3,885 | $83.89 | A | 15,408 | D | |
| Common StockF2 | Apr 26, 2017 | F | 2,618 | $124.60 | D | 12,790 | 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)F3 | $83.89 | Apr 26, 2017 | M | 3,885 | D | Feb 26, 2009 | Feb 26, 2018 | Common Stock | 3,885 | 0 | D |
| Stock Option (right to buy)F3 | $60.92 | holding | — | — | — | Feb 24, 2010 | Feb 24, 2019 | Common Stock | 4,600 | 4,600 | D |
| Deferred StockF4,F5 | $0.00 | holding | — | — | — | — | — | Common Stock | 49,185 | 49,185 | D |
Explanation of responses
- F1Restricted stock unit award, vesting 100% and payable in shares of Praxair Common Stock one year after April 25, 2017 if the awardee is serving on the Praxair, Inc. Board of Directors on that vesting date, unless termination of service occurs in connection with certain events, in which case the grant will vest in full.
- F2Shares withheld from option exercise to pay exercise price. No market sale of shares occurred.
- F3This option became exercisable in three (3) equal annual installments beginning on the first anniversary of the date of grant.
- F4Conversion to Praxair Common Stock is on a 1-for-1 basis.
- F5Deferred 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.