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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

ANGEL STEPHEN F 		2. Issuer Name and Ticker or Trading Symbol

PRAXAIR INC [ PX ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chairman, President & CEO
(Last)          (First)          (Middle)

C/O PRAXAIR, INC., 39 OLD RIDGEBURY ROAD 		3. Date of Earliest Transaction (MM/DD/YYYY)

11/9/2016
(Street)

DANBURY, CT 06810-5113
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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                  2268   I   In trust for children  
Common Stock                  173649   I   Grantor Retained Annuity Trusts  
Common Stock                  13164   I   Angel Descendants Trust  
Common Stock                  8634.8069   I   401(k)  
Common Stock   11/9/2016     M    83300   A $61.47   120689   D  
 
Common Stock   11/9/2016     S    83300   D $119.037   (1) 37389   D  
 

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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
Stock Option (right to buy)   $61.47   11/9/2016     M         83300    2/27/2008   (2) 2/27/2017   Common Stock   83300   $0   0   D  
 
Stock Option (right to buy)   $83.89                    2/26/2009   (2) 2/26/2018   Common Stock   195200     195200   D  
 
Stock Option (right to buy)   $60.92                    2/24/2010   (2) 2/24/2019   Common Stock   281510     281510   D  
 
Stock Option (right to buy)   $76.16                    2/23/2011   (2) 2/23/2020   Common Stock   204640     204640   D  
 
Stock Option (right to buy)   $97.84                    2/22/2012   (2) 2/22/2021   Common Stock   218175     218175   D  
 
Stock Option (right to buy)   $109.68                    2/28/2013   (2) 2/28/2022   Common Stock   236510     236510   D  
 
Stock Option (right to buy)   $110.58                    2/26/2014   (3) 2/26/2023   Common Stock   187015     187015   D  
 
Stock Option (right to buy)   $128.80                    2/25/2015   (4) 2/25/2024   Common Stock   203930     203930   D  
 
Stock Option (right to buy)   $128.38                    2/24/2016   (5) 2/24/2025   Common Stock   261075     261075   D  
 
Stock Option (right to buy)   $102.22                    2/23/2017   (6) 2/23/2026   Common Stock   416355     416355   D  
 
Deferred Stock Unit   $0   (7)                    (8)   (8) Common Stock   64729.282     64729.282   D  
 

Explanation of Responses:
( 1)  The $119.037 price reported is the weighted average sale price. The sale prices ranged from $119.00 to $119.362 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.
( 2)  This option became exercisable in three (3) equal annual installments beginning on the first anniversary of the date of grant.
( 3)  This option vests over three years in three consecutive equal annual installments beginning on February 26, 2014.
( 4)  This option vests over three years in three consecutive equal annual installments beginning on February 25, 2015.
( 5)  This option vests over three years in three consecutive equal annual installments beginning on February 24, 2016.
( 6)  The option vests over three years in three consecutivve equal annual installments beginning on February 23, 2017.
( 7)  Conversion to Praxair Common Stock is on a 1-for-1 basis.
( 8)  Deferred stock units acquired under the Praxair Compensation Deferral Plan as amended ("Deferral Plan") and are to be settled in Praxair Common Stock.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
ANGEL STEPHEN F
C/O PRAXAIR, INC.
39 OLD RIDGEBURY ROAD
DANBURY, CT 06810-5113 		X
Chairman, President & CEO

Signatures
Anthony M. Pepper, Attorney-in-Fact 11/11/2016
** 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 control number.
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