SEC Form 4 · accession 0000884905-17-000040
PRAXAIR INC · PX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew J White
Officer — Senior VP & CFO
Period of report
Apr 27, 2017
Accepted (ET)
Apr 28, 2017 · 3:19 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 Stock | Apr 27, 2017 | M | 7,200 | $83.89 | A | 19,377 | D | |
| Common StockF1 | Apr 27, 2017 | F | 5,831 | $125.70 | D | 13,546 | D | |
| Common Stock | Apr 27, 2017 | M | 10,800 | $83.89 | A | 24,346 | D | |
| Common StockF2 | Apr 27, 2017 | F | 8,970 | $125.71 | D | 15,376 | D | |
| Common Stock | holding | — | — | — | 2,640 | 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 | $83.39 | Apr 27, 2017 | M | 7,200 | D | Feb 26, 2009 | Feb 26, 2018 | Common Stock | 7,200 | 0 | D |
| Stock Option (right to buy)F3 | $83.89 | Apr 27, 2017 | M | 10,800 | D | Feb 26, 2009 | Feb 26, 2018 | Common Stock | 10,800 | 0 | D |
| Stock Option (right to buy)F3 | $60.92 | holding | — | — | — | Feb 24, 2010 | Feb 24, 2019 | Common Stock | 20,290 | 20,290 | D |
| Stock Option (right to buy)F3 | $76.16 | holding | — | — | — | Feb 23, 2011 | Feb 23, 2020 | Common Stock | 13,640 | 13,640 | D |
| Stock Option (right to buy)F3 | $97.84 | holding | — | — | — | Feb 22, 2012 | Feb 22, 2021 | Common Stock | 14,845 | 14,845 | 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 | 15,060 | 15,060 | D |
| Stock Option (right to buy)F3 | $128.80 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 31,090 | 31,090 | D |
| Stock Option (right to buy)F4 | $128.38 | holding | — | — | — | Feb 24, 2016 | Feb 24, 2025 | Common Stock | 40,865 | 40,865 | D |
| Stock Option (right to buy)F5 | $102.22 | holding | — | — | — | Feb 23, 2017 | Feb 23, 2026 | Common Stock | 85,205 | 85,205 | D |
| Stock Option (right to buy)F6 | $118.71 | holding | — | — | — | Feb 28, 2018 | Feb 28, 2027 | Common Stock | 72,795 | 72,795 | D |
| Deferred StockF7,F8 | $0.00 | holding | — | — | — | — | — | Common Stock | 595 | 595 | D |
Explanation of responses
- F1Shares withheld from option exercise to pay the option exercise price and taxes. No market sale of shares occurred. The reporting person acquired and held 1,369 shares net of the shares withheld.
- F2Shares withheld from option exercise to pay the option exercise price and taxes. No market sale of shares occurred. The reporting person acquired and held 1,830 shares net of the shares withheld.
- 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 24, 2016.
- F5This option vests over three years in three consecutive equal annual installments beginning on February 23, 2017.
- F6This option vests over three years in three consecutive equal annual installments beginning on February 28, 2018.
- 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.