Insider activities archive   |   Recent insider buys   |   Top 10 insider buys   |   Privacy

Form 4 Filed by Malfitano Ricardo S on May 15, 2008


This form 4 (insider trading filing) was submitted to the Securities and Exchange Commission (SEC) by insider Malfitano Ricardo S on May 15, 2008. The CIK number of this insider is 1190780. At the time of this reporting, Malfitano Ricardo S is the Executive Vice President of Praxair Inc . See all insider stock transactions reported by Malfitano Ricardo S and all stock buys, sales, and option exercises made by insiders at Praxair Inc . The stock ticker symbol of Praxair Inc is PX.

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
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*
MALFITANO RICARDO S

(Last) (First) (Middle)
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)
Executive Vice President
3. Date of Earliest Transaction (Month/Day/Year)
05/13/2008
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 05/13/2008 M 70,000 A $22.01 94,135 D
Common Stock 05/13/2008 M 70,000 A $27.625 164,135 D
Common Stock 05/13/2008 S 11,600 D $94.5 152,535 D
Common Stock 05/13/2008 S 100 D $94.51 152,435 D
Common Stock 05/13/2008 S 700 D $94.52 151,735 D
Common Stock 05/13/2008 S 1,000 D $94.53 150,735 D
Common Stock 05/13/2008 S 1,600 D $94.54 149,135 D
Common Stock 05/13/2008 S 68,200 D $94.55 80,935 D
Common Stock 05/13/2008 S 2,100 D $94.56 78,835 D
Common Stock 05/13/2008 S 1,200 D $94.57 77,635 D
Common Stock 05/13/2008 S 1,900 D $94.58 75,735 D
Common Stock 05/13/2008 S 100 D $94.59 75,635 D
Common Stock 05/13/2008 S 10,300 D $94.6 65,335 D
Common Stock 05/13/2008 S 200 D $94.61 65,135 D
Common Stock 05/13/2008 S 500 D $94.64 64,635 D
Common Stock 05/13/2008 S 35,500 D $94.65 29,135 D
Common Stock 05/13/2008 S 1,200 D $94.66 27,935 D
Common Stock 05/13/2008 S 600 D $94.67 27,335 D
Common Stock 05/13/2008 S 1,300 D $94.68 26,035 D
Common Stock 05/13/2008 S 1,700 D $94.72 24,335 D
Common Stock 05/13/2008 S 200 D $94.73 24,135 ( 1 ) D
Common Stock 2,542 I 401(k)
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) $22.01 05/13/2008 M 70,000 02/21/2002 02/21/2011 Common Stock 70,000 $0 0 D
Stock Option (right to buy) $27.625 05/13/2008 M 70,000 12/31/2002 12/31/2011 Common Stock 70,000 $0 0 D
Stock Option (right to buy) $26.425 02/28/2004 ( 2 ) 02/28/2013 Common Stock 68,000 68,000 D
Stock Option (right to buy) $36.58 02/24/2005 ( 2 ) 02/24/2014 Common Stock 80,000 80,000 D
Stock Option (right to buy) $44.25 02/22/2006 ( 2 ) 02/22/2015 Common Stock 100,000 100,000 D
Stock Option (right to buy) $53.98 02/28/2007 ( 2 ) 02/29/2016 Common Stock 92,500 92,500 D
Stock Option (right to buy) $61.47 02/27/2008 ( 2 ) 02/27/2017 Common Stock 92,500 92,500 D
Stock Option (right to buy) $83.89 02/26/2009 ( 2 ) 02/26/2018 Common Stock 54,800 54,800 D
Stock Option (right to buy) $83.89 02/26/2011 ( 3 ) 02/26/2018 Common Stock 30,000 30,000 D
Deferred Stock $0 ( 4 ) ( 5 ) ( 5 ) Common Stock 10,203 10,203 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. This option becomes exercisable in three (3) equal annual installments beginning on the first year anniversary of the date of grant.
3. 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.
4. Conversion to Praxair Common Stock is on a 1-for-1 basis.
5. Deferred stock untis acquired under the 1993 Praxair, Inc. Compensation Deferral Program as amended ("Deferred Program") and are to be settled in Praxair Common Stock.
Remarks:
Anthony M. Pepper, Attorney-in-Fact 05/15/2008
** 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.