SEC Form 4 · accession 0000884905-18-000015
PRAXAIR INC · PX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott E Telesz
Officer — Executive Vice President
Period of report
Feb 26, 2018
Accepted (ET)
Feb 28, 2018 · 4:05 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,F2 | Feb 26, 2018 | M | 2,670 | $0.00 | A | 48,892 | D | |
| Common StockF3,F2 | Feb 26, 2018 | F | 1,128 | $155.62 | D | 47,764 | D | |
| Common Stock | holding | — | — | — | 2,430 | I | In trusts for Children | |
| Common Stock | holding | — | — | — | 67 | I | Family Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF4 | $0.00 | Feb 26, 2018 | A | 2,670 | A | — | — | Common Stock | 2,670 | 2,670 | D |
| Performance Share UnitsF4 | — | Feb 26, 2018 | M | 2,670 | D | — | — | Common Stock | 2,670 | 0 | D |
| Deferred StockF8,F9 | $0.00 | Feb 27, 2018 | A | 114 | A | — | — | Common Stock | 1,078 | 1,078 | D |
| Stock Option (right to buy)F5 | $109.68 | holding | — | — | — | Feb 28, 2013 | Feb 28, 2022 | Common Stock | 43,005 | 43,005 | D |
| Stock Option (right to buy)F5 | $110.58 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 35,220 | 35,220 | D |
| Stock Option (right to buy)F5 | $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 | 88,945 | 88,945 | D |
| Stock Option (right to buy)F7 | $118.71 | holding | — | — | — | Feb 28, 2018 | Feb 28, 2027 | Common Stock | 69,025 | 69,025 | D |
Explanation of responses
- F1Shares of commons tock acquired pursuant to the payout of a performance share unit grant made on February 24, 2015 (the "PSU").
- F2Includes unvested restricted stock units.
- F3Shares of common stock withheld from the PSU payout to cover tax withholdings.
- F4The PSU Paid out on February 26, 2018 and the number of shares awarded and paid out was determined based upon the average annual return on capital ("ROC") of Praxair, Inc. from 2015-2017 measured against ROC goals set by the Compensation and Management Development Committee of the Board of Directors when the PSU was granted in 2015.
- F5This option became exercisable in three (3) equal annual installments beginning on the first anniversary of the date of grant.
- F6This option vests over three years in three consecutive equal annual installments beginning on February 23, 2017.
- F7This options 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.