SEC Form 4 · accession 0000884905-18-000006
PRAXAIR INC · PX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eduardo F Menezes
Officer — Executive Vice President
Period of report
Jan 12, 2018
Accepted (ET)
Jan 16, 2018 · 12:48 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 | Jan 12, 2018 | M | 42,880 | $97.84 | A | 85,233 | D | |
| Common StockF2,F1 | Jan 12, 2018 | F | 33,992 | $164.71 | D | 51,241 | D | |
| Common StockF1 | Jan 12, 2018 | M | 19,610 | $76.16 | A | 70,851 | D | |
| Common StockF3,F1 | Jan 12, 2018 | F | 13,369 | $164.74 | D | 57,482 | D | |
| Common Stock | holding | — | — | — | 3,379 | 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)F4 | $76.16 | Jan 12, 2018 | M | 19,610 | D | Feb 23, 2011 | Feb 23, 2020 | Common Stock | 19,610 | 0 | D |
| Stock Option (right to buy)F4 | $97.84 | Jan 12, 2018 | M | 42,880 | D | Feb 22, 2012 | Feb 22, 2021 | Common Stock | 42,880 | 0 | D |
| Stock Option (right to buy)F4 | $109.68 | holding | — | — | — | Feb 28, 2013 | Feb 28, 2022 | Common Stock | 43,005 | 43,005 | D |
| Stock Option (right to buy)F4 | $110.58 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 35,220 | 35,220 | D |
| Stock Option (right to buy)F4 | $128.80 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 37,305 | 37,305 | D |
| Stock Option (right to buy)F5 | $128.38 | holding | — | — | — | Feb 24, 2016 | Feb 24, 2025 | Common Stock | 47,375 | 47,375 | D |
| Stock Option (right to buy)F6 | $102.22 | holding | — | — | — | Feb 23, 2017 | Feb 23, 2026 | Common Stock | 89,070 | 89,070 | D |
| Stock Option (right to buy)F7 | $118.71 | holding | — | — | — | Feb 28, 2018 | Feb 28, 2027 | Common Stock | 71,400 | 71,400 | D |
| Deferred StockF8,F9 | $0.00 | holding | — | — | — | — | — | Common Stock | 843 | 843 | D |
Explanation of responses
- F1This total includes shares preveiusly acquired through automatic dividend reinvestment under the Praxair Dividend Reinvestment and Stock Purchase Plan.
- F2Shares withheld from option exercise to pay the option exercise price, taxes and fees.. No market sale of shares occurred. The reporting person acquired and held 8,888 shares net of the shares withheld.
- F3Shares withheld from option exercise to pay the option exercise price, taxes and fees. No market sale of shares occurred. The reporting person acquired and held 6,241 shares net of the shares withheld.
- F4This option became exercisable in three (3) equal annual installments beginning on the first anniversary of the date of grant.
- F5This option vests over three years in three consecutive equal annual installments beginning on February 24, 2016.
- F6This option vests over three years in three consecutive equal annual installments beginning on February 23, 2017.
- F7This option vests over three years in three consecutive equal annual installments beginning on February 28, 2018.
- F8Conversion to Praxair Common Stock is on a 1-for-1 basis.
- F9Deferred stock units acquired under the Praxair, Inc. Compensation Deferral Plan as amended ("Deferral Plan") and are to be settled in Praxair Common Stock.