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| Principal Holders | |||||
| The only persons known by Praxair to be beneficial owners of more than five percent of Praxair’s Common Stock (par value $0.01) are the following: | |||||
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| Name and Address of Beneficial Owner | Number of Shares Beneficially Owned |
Percent of Shares Outstanding(a) |
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| FMR Corp. | 15,491,171(b) | 9.6% | |||
| 82 Devonshire Street, Boston, MA 02109 | |||||
| Massachusetts Financial Services Company (“MFS”) | 8,555,039(c) | 5.3% | |||
| 500 Boylston Street, Boston, MA 02116 | |||||
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| Notes: | (a) Based on 162,268,096 total shares outstanding on December 31, 2002 excluding shares held for the account of Praxair.
(b) Holdings as of December 31, 2002 as reported in SEC Schedule 13G by FMR Corp. According to this report, FMR Corp. had sole voting power as to 1,652,331 shares and sole investment power as to 15,491,171 shares. (c) Holdings as of December 31, 2002 as reported in SEC Schedule 13G by MFS. According to this report, MFS had sole voting power as to 7,786,737 shares and sole investment power as to 8,555,039 shares. |
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| Directors and Executive Officers | |||||
| As of December 31, 2002, directors and executive officers of Praxair beneficially owned shares of Praxair’s Common Stock (par value $0.01) as follows. Directors and all executive officers as a group, 20 persons, beneficially own 1.0% of the outstanding shares as of that date. | |||||
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| Name | Position | Common Stock1 |
Deferred Stock2 |
Total | Stock Options3 |
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| Dennis H. Reilley | Chairman, President and Chief Executive Officer | 51,702 | 35,008 | 86,710 | 583,333 |
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| Paul J. Bilek | Executive Vice President | 27,275 | 14,650 | 41,925 | 181,999 |
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| Stephen F. Angel | Executive Vice President | 21,462 | 13,974 | 35,436 | 93,333 |
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| Thomas W. von Krannichfeldt | Executive Vice President | 15,492 | 9,803 | 25,295 | 74,166 |
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| James S. Sawyer | Vice President and Chief Financial Officer | 8,395 | 11,153 | 19,548 | 83,433 |
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| Alejandro Achaval | Director | 1,727 | 14,451 | 16,178 | 0 |
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| Dale F. Frey | Director | 1,629 | 1,909 | 3,538 | 15,000 |
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| Claire W. Gargalli | Director | 1,722 | 3,984 | 5,706 | 15,000 |
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| Ronald L. Kuehn, Jr. | Director | 5,301 | 15,156 | 20,457 | 15,000 |
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| Raymond W. LeBoeuf | Director | 1,000 | 11,266 | 12,266 | 10,000 |
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| Benjamin F. Payton | Director | 1,821 | 2,329 | 4,150 | 10,000 |
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| G. Jackson Ratcliffe, Jr. | Director | 1,821 | 22,397 | 24,218 | 15,000 |
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| Wayne T. Smith | Director | 5,000 | 2,314 | 7,314 | 0 |
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| H. Mitchell Watson, Jr. | Director | 1,808 | 9,813 | 11,621 | 10,000 |
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| Total |
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| Directors & Executive Officers as a group | (20 persons) |
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| Notes: | 1) Amounts reported as Common Stock include 25,000 restricted shares for which Mr. Reilley has sole voting power and which vest in stages beginning in 2006. Reported shares also include 20,000 restricted shares for which Mr. Angel has sole voting power and which vest in stages beginning in 2003.
2) Deferred Stock represents stock price-based units into which deferred compensation has been invested pursuant to the deferred compensation plans for management and for non-employee directors. Holders have no voting rights with respect to Deferred Stock. The value of Deferred Stock units varies with the price of Praxair’s common stock and, at the end of the deferral period, the units are payable in stock. 3) Stock Options represent shares that may be acquired upon exercise of options exercisable within 60 days of December 31, 2002. |
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