Sec Form 4 Filing - Roby Anne K @ PRAXAIR INC - 2016-10-31

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Roby Anne K
2. Issuer Name and Ticker or Trading Symbol
PRAXAIR INC [ PX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Senior Vice President
(Last) (First) (Middle)
C/O PRAXAIR, INC., 39 OLD RIDGEBURY ROAD
3. Date of Earliest Transaction (MM/DD/YY)
10/31/2016
(Street)
DANBURY, CT06810-5113
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 897.6568 I 401(k)
Common Stock 10/31/2016 M 5,103 A $ 83.89 19,337 D
Common Stock 10/31/2016 S 5,103 D $ 117.37 ( 1 ) 14,234 D
Common Stock 10/31/2016 M 2,897 A $ 83.89 17,131 D
Common Stock 10/31/2016 M 12,000 A $ 83.89 29,131 D
Common Stock 10/31/2016 S 12,000 D $ 117.41 ( 2 ) 17,131 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $ 83.89 10/31/2016 M 5,103 02/26/2009( 3 ) 02/26/2018 Common Stock 5,103 $ 0 2,897 D
Stock Option (right to buy) $ 83.89 10/31/2016 M 2,897 02/26/2009( 3 ) 02/26/2018 Common Stock 2,897 $ 0 0 D
Stock Option (right to buy) $ 83.89 10/31/2016 M 12,000 02/26/2009( 3 ) 02/26/2018 Common Stock 12,000 $ 0 0 D
Stock Option (right to buy) $ 76.16 02/23/2011( 3 ) 02/23/2020 Common Stock 10,230 10,230 D
Stock Option (right to buy) $ 97.84 02/22/2012( 3 ) 02/22/2021 Common Stock 13,195 13,195 D
Stock Option (right to buy) $ 109.68 02/28/2013( 3 ) 02/28/2022 Common Stock 18,430 18,430 D
Stock Option (right to buy) $ 110.58 02/26/2014( 3 ) 02/26/2023 Common Stock 15,790 15,790 D
Stock Option (right to buy) $ 128.8 02/25/2015( 4 ) 02/25/2024 Common Stock 19,900 19,900 D
Stock Option (right to buy) $ 128.38 02/24/2016( 5 ) 02/24/2025 Common Stock 26,490 26,490 D
Stock Option (right to buy) $ 102.22 02/23/2017( 6 ) 02/23/2026 Common Stock 49,405 49,405 D
Deferred Stock $ 0 ( 7 ) ( 8 ) ( 8 ) Common Stock 4,071.236 4,071.236 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Roby Anne K
C/O PRAXAIR, INC.
39 OLD RIDGEBURY ROAD
DANBURY, CT06810-5113
Senior Vice President
Signatures
Anthony M. Pepper, Attorney-in-Fact 11/02/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The $117.37 price reported is the weighted average sale price. The sale prices ranged from $117.30 to $117.415 per share. Upon request of the SEC Staff, Praxair, Inc. or a security holder of Praxair, Inc., the reporting person will provide full information regarding the number of shares sold at each separate price.
( 2 )The $117.41 price reported is the weighted average sale price. The sale prices ranged from $117.30 to $117.60 per share. Upon request of the SEC Staff, Praxair, Inc. or a security holder of Praxair, Inc., the reporting person will provide full information regarding the number of shares sold at each separate price.
( 3 )This option became exercisable in three (3) equal annual installments beginning on the first anniversary of the date of grant.
( 4 )This option vests over three years in three consecutive equal annual installments beginning on February 25, 2015.
( 5 )This option vests over three years in three consecutive equal annual installments beginning on February 24, 2016.
( 6 )This option vests over three years in three consecutive equal annual installments beginning on February 23, 2017.
( 7 )Conversion to Praxair Common Stock is on a 1-for-1 basis.
( 8 )Deferred stock units acquired under the Praxair, Inc. Compensation Deferral Plan as amended ("Deferral Plan") and are to be settled in Praxair Common Stock.

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