Ownership Submission
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 OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
White Matthew J
  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 VP & CFO
(Last)
(First)
(Middle)
C/O PRAXAIR, INC., 10 RIVERVIEW DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
10/31/2018
(Street)

DANBURY, CT 06810
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 10/31/2018   D(1)   2,732.9991 D $ 0 (1) 0 I 401(k)
Common Stock 10/31/2018   D(1)   16,611 D $ 0 (1) 0 D  

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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 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
Restricted Stock Units $ 0 (2) 10/31/2018   D(1)     7,765   (2)   (2) Common Stock 7,765 $ 0 0 D  
Restricted Stock Units $ 0 (3) 10/31/2018   D(1)     6,054   (3)   (3) Common Stock 6,054 $ 0 0 D  
Restricted Stock Units $ 0 (4) 10/31/2018   D(1)     7,960   (4)   (4) Common Stock 7,960 $ 0 0 D  
Restricted Stock Units $ 0 (3) 10/31/2018   D(1)     6,191   (3)   (3) Common stock 6,191 $ 0 0 D  
Restricted Stock Units $ 0 (4) 10/31/2018   D(1)     5,450   (4)   (4) Common Stock 5,450 $ 0 0 D  
Stock Option (right to buy) $ 60.92 10/31/2018   D(1)     20,290   (5) 02/24/2019 Common Stock 20,290 (5) 0 D  
Stock Option (right to buy) $ 76.16 10/31/2018   D(1)     13,640   (5) 02/23/2020 Common Stock 13,640 (5) 0 D  
Stock Option (right to buy) $ 97.84 10/31/2018   D(1)     14,845   (5) 02/22/2021 Common Stock 14,845 (5) 0 D  
Stock Option (right to buy) $ 109.68 10/31/2018   D(1)     18,430   (5) 02/28/2022 Common Stock 18,430 (5) 0 D  
Stock Option (right to buy) $ 110.58 10/31/2018   D(1)     15,060   (5) 02/26/2023 Common Stock 15,060 (5) 0 D  
Stock Option (right to buy) $ 128.8 10/31/2018   D(1)     31,090   (5) 02/25/2024 Common Stock 31,090 (5) 0 D  
Stock Option (right to buy) $ 128.38 10/31/2018   D(1)     40,865   (5) 02/24/2025 Common Stock 40,865 (5) 0 D  
Stock Option (right to buy) $ 102.22 10/31/2018   D(1)     85,205   (6) 02/23/2026 Common Stock 85,205 (6) 0 D  
Stock Option (right to buy) $ 118.71 10/31/2018   D(1)     72,795   (7) 02/28/2027 Common Stock 72,795 (7) 0 D  
Stock Option (right to buy) $ 154 02/27/2018   D(1)     64,665   (8) 02/27/2028 Common Stock 64,665 $ 0 (8) 0 D  
Deferred Stock Units $ 0 (9) 10/31/2018   D(1)     732.164   (10)   (10) Common Stock 732.164 $ 0 (10) 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
White Matthew J
C/O PRAXAIR, INC.
10 RIVERVIEW DRIVE
DANBURY, CT 06810
      Senior VP & CFO  

Signatures

 Anthony M. Pepper, Attorney-in-Fact   11/01/2018
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Reflects the disposition of Praxair common stock in connection with the consummation of the transactions contemplated by the Business Combination Agreement (the "BCA") dated as of June 1, 2017, by and among Linde Aktiengesellschaft, Praxair, Inc., a Delaware corporation (the "Company"), Linde plc, Zamalight Holdco LLC, and Zamalight Subco, Inc. (the "Business Combination"). In connection with the Business Combination, Praxair, Inc. became an indirect wholly-owned subsidiary of Linde plc, and each share of Praxair Common Stock, par value $0.01 per share, was exchanged for one Ordinary Share of Linde plc.
(2) Restricted Stock Units that were previously awarded by Praxair, Inc. will vest 100% on February 27, 2021. In connection with the BCA, the RSUs have been converted into RSUs of Linde plc Ordinary Shares on a one-for-one basis.
(3) Restricted Stock Units previously awarded by Praxair, Inc. on February 23, 2016 that will vest and payout on February 23, 2019. In connection with the BCA, the RSUs were converted to RSUs of Linde plc Ordinary Shares on a one-for-one basis.
(4) Restricted Stock Units previously awarded by Praxair, Inc. on February 28, 2017 that will vest and payout on February 28, 2020. In connection with the BCA, the RSUs were converted to RSUs of Linde plc Ordinary Shares on a one-for-one basis.
(5) This option became exercisable in three (3) equal annual installments beginning on the first anniversary of the date of grant and was fully vested and exercisable. In accordance with the Business Combination Agreement, each stock otpion of Praxair outstanding immediately prior to the effective date of the Business Combination (whether vested or unvested) was automatically converted into an option to purchase shares of Linde plc ordinary shares equal to the total number of shares of Praxair Common Stock subject to such option immediately prior to the closing of the Business Combination and at a per-share exercise price equal to the per-share exercise price of Praxair's option.
(6) This options vests over three years in three consecutive equal annual installments beginning on February 23, 2017. In accordance with the Buiness Combination Agreement, each stock option of Praxair outstanding immediately prior to the effective date of the Business Combination (whether vested or unvested) was automatically converted into an option to purchase shares of Linde plc ordinary shares equal to the total number of shares of Praxair Common Stock subject to such option immediately prior to the closing of the Business Combination and at a per-share exercise price equal to the per-share exercise price of Praxair's option.
(7) This option vests over three years in three consecutive equal annual installments beginning on February 28, 2018. In accordance with the Business Combination Agreement, each stock option of Praxair outstanding immediately prior to the effective date of the Business Combination (whether vested or unvested) was automatically converted into an option to purchase shares of Linde plc ordinary shares equal to the total number of shares of Praxair Common Stock subject to such option immediately prior to the closing of the Business Combination and at a per-share exercise price equal to the per-share exercise price of Praxair's option.
(8) This option vests over three years in three consecutive equal annual installments beginning on February 27, 2019. In accordance with the Business Combination Agreement, each stock option of Praxair outstanding immediately prior to the effective date of the Business Combination (whether vested or unvested) was automatically converted into an option to purchase shares of Linde plc ordinary shares equal to the total number of shares of Praxair Common Stock subject to such option immediately prior to the closing of the Business Combination and at a per-share exercise price equal to the per-share exercise price of Praxair's option.
(9) Conversion to Praxair Common Stock is on a 1-for-1 basis.
(10) Deferred stock units ("DSUs") acquired by reporting person under the Praxair, Inc. Compensation Deferral Plan ("Deferral Plan"). In connection with the BCA, the DSUs have been converted into DSUs of Linde plc Ordinary Shares on a one-for-one basis.

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