SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: December 31, 2014
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
BULUS DOMINGOS H

(Last) (First) (Middle)
C/O PRAXAIR, INC.
39 OLD RIDGEBURY ROAD

(Street)
DANBURY CT 06810-5113

(City) (State) (Zip)
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)
Vice President
3. Date of Earliest Transaction (Month/Day/Year)
08/27/2010
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 08/27/2010 M 30,000 A $26.425 40,314.4551 (1) D
Common Stock 08/27/2010 S 30,000 D $86.924 (2) 10,314.4551 (1) (2) 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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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) $26.425 08/27/2010 M 30,000 02/28/2004 (3) 02/28/2013 Common Stock 30,000 $0 0 D
Stock Option (right to buy) $44.25 02/22/2006 (3) 02/22/2015 Common Stock 26,300 26,300 D
Stock Option (right to buy) $53.98 02/28/2007 (3) 02/29/2016 Common Stock 23,900 23,900 D
Stock Option (right to buy) $36.58 02/24/2005 (3) 02/24/2014 Common Stock 22,000 22,000 D
Stock Option (right to buy) $61.47 02/27/2008 (3) 02/27/2017 Common Stock 19,300 19,300 D
Stock Option (right to buy) $83.89 02/26/2009 (4) 02/26/2018 Common Stock 11,400 11,400 D
Stock Option (right to buy) $83.89 02/26/2011 (5) 02/26/2018 Common Stock 6,000 6,000 D
Stock Option (right to buy) $60.92 02/24/2010 (6) 02/24/2019 Common Stock 15,000 15,000 D
Stock Option (right to buy) $76.16 02/23/2011 (7) 02/23/2020 Common Stock 9,795 9,795 D
Explanation of Responses:
1. This total includes shares previously acquired through automatic dividend reinvestment under the Praxair Dividend Reinvestment and Stock Purchase Plan.
2. The $86.924 price reported is the weighted average sale price. The sale prices ranged from $86.86 to $87.01 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 26, 2009.
5. This option will vest in full if Praxair, Inc. achieves cumulative fiscal year earnings per share growth of at least 33% over 2007 earnings per share at any time prior to January 1, 2011. If vested, the option may be exercised beginning on the third anniversary of the grant date. If Praxair, Inc. fails to meet the cumulative earnings per share goal, this option will be forfeited.
6. This option vests over three years in three consecutive equal annual installments beginning on February 24, 2010.
7. This option vests over three years in three consecutive equal annual installments beginning on February 23, 2011.
Remarks:
Anthony M. Pepper, Attorney-in-Fact 08/30/2010
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.