X0306 4 2018-02-26 0000884905 PRAXAIR INC PX 0001629436 Bichara Guillermo C/O PRAXAIR, INC. 10 RIVERVIEW DRIVE DANBURY CT 06810 0 1 0 0 VP, General Counsel & Secty Common Stock 1566.5856 I 401(k) Common Stock 2018-02-26 4 M 0 1193 0 A 3318 D Common Stock 2018-02-26 4 F 0 374 155.62 D 2944 D Common Stock 2018-02-27 4 A 0 5670 0 A 8614 D Performance Share Units 0 2018-02-26 4 A 0 1193 0 A Common Stock 1193 1193 D Performance Share Units 2018-02-26 4 M 0 1193 D Common Stock 1193 0 D Stock Option (right to buy) 154.00 2018-02-27 4 A 0 38800 0 A 2019-02-27 2028-02-27 Common Stock 38800 38800 D Stock Option (right to buy) 109.68 2013-02-28 2022-02-28 Common Stock 2560 2560 D Stock Option (right to buy) 110.58 2014-02-26 2023-02-26 Common Stock 4860 4860 D Stock Option (right to buy) 128.80 2015-02-25 2024-02-25 Common Stock 7465 7465 D Stock Option (right to buy) 128.38 2016-02-24 2025-02-24 Common Stock 21190 21190 D Stock Option (right to buy) 102.22 2017-02-23 2026-02-23 Common Stock 44665 44665 D Stock Option (right to buy) 118.71 2018-02-28 2027-02-28 Common Stock 40100 40100 D Deferred Stock 0 2018-02-27 4 A 0 73.871 0 A Common Stock 73.871 247.382 D Shares of common stock acquired pursuant to the payout of a performance share unit grant made on February 24, 2015 (the "PSU"). Shares of common stock withheld from the PSU payout to cover tax withholdings. Restricted stock unit award granted on February 27, 2018, payable in shares of Praxair Common Stock, vesting 100% on February 27, 2021. The 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. This option vests over three years in three consecutive equal annual installments beginning on February 27, 2019. This option became exercisable in three (3) equal annual installments beginning on the first anniversary of the date of grant. This option vests over three yeras in three consecutive equal annual installments beginning on February 23, 2017. This option vests over three years in three consecutive equal annual installments beginning on February 28, 2018. Conversion to Praxair Common Stock is on a l-for-1 basis. Deferred stock units acquired under the Praxair, Inc. Compensation Deferral Plan as amended ("Deferral Plan") and are to be settled in Praxair Common Stock. Anthony M. Pepper, Attorney-in-Fact 2018-02-28