SEC Form 4 · accession 0000884905-18-000007
PRAXAIR INC · PX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kelcey E Hoyt
Officer — Vice President, Controller
Period of report
Jan 26, 2018
Accepted (ET)
Jan 30, 2018 · 4:16 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 | Jan 26, 2018 | M | 4,950 | $97.84 | A | 5,257 | D | |
| Common StockF1 | Jan 26, 2018 | F | 3,617 | $163.69 | D | 1,640 | D | |
| Common Stock | holding | — | — | — | 434 | 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)F2 | $97.84 | Jan 26, 2018 | M | 4,950 | D | Feb 22, 2012 | Feb 22, 2021 | Common Stock | 4,950 | 0 | D |
| Stock Option (right to buy)F2 | $109.68 | holding | — | — | — | Feb 28, 2013 | Feb 28, 2022 | Common Stock | 3,995 | 3,995 | D |
| Stock Option (right to buy)F2 | $110.58 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 2,675 | 2,675 | D |
| Stock Option (right to buy)F2 | $128.80 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 3,735 | 3,735 | D |
| Stock Option (right to buy)F3 | $128.38 | holding | — | — | — | Feb 24, 2016 | Feb 24, 2025 | Common Stock | 5,150 | 5,150 | D |
| Stock Option (right to buy)F4 | $102.22 | holding | — | — | — | Feb 23, 2017 | Feb 23, 2026 | Common Stock | 9,360 | 9,360 | D |
| Stock Option (right to buy)F5 | $118.71 | holding | — | — | — | Feb 28, 2018 | Feb 28, 2027 | Common Stock | 10,500 | 10,500 | 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 1,333 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.
- F3This option vests over three years in three consecutive equal annual installments beginning on February 24, 2016.
- F4This options vests over three years in three consecutive equal annual installments beginning on February 23, 2017.
- F5This option vests over three years in three consecutive equal annual installments beginning on February 28, 2018.