SEC Form 4 · accession 0000884905-17-000075
PRAXAIR INC · PX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward G Galante
Director
Period of report
Oct 31, 2017
Accepted (ET)
Nov 2, 2017 · 3:35 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 | Oct 31, 2017 | M | 3,885 | $83.89 | A | 19,583 | D | |
| Common StockF1 | Oct 31, 2017 | F | 2,217 | $147.02 | D | 17,366 | 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 | $83.89 | Oct 31, 2017 | M | 3,885 | D | Feb 26, 2009 | Feb 26, 2018 | Common Stock | 3,885 | 0 | 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 | 11,154 | 11,154 | D |
Explanation of responses
- F1Shares of common stock withheld to pay the option exercise price and taxes. No market sale of shares occurred. The reporting person acquired and held 1,668 shares net of the shares withheld.
- 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.