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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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 (Month/Day/Year) 02/24/2015 (Street) DANBURY, CT 06810-5113 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               2,268 I In trust for children Common Stock               58,065 I Grantor Retained Annuity Trusts Common Stock               7,879.0889 I 401(k) Common Stock 02/25/2015   M   5,472 A $ 53.98 106,782.127 D   Common Stock 02/25/2015   S   5,472 D $ 129 101,310.127 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

Stock Option (right to buy)

$ 128.38

02/24/2015

A

261,075

02/24/2016(1)

02/24/2025

Common Stock

261,075

$ 0

261,075

D

Stock Option (right to buy)

$ 53.98

02/25/2015

M

5,472

02/28/2007(2)

02/29/2016

Common Stock

5,472

$ 0

57,028

D

Stock Option (right to buy)

$ 61.47

02/27/2008(2)

02/27/2017

Common Stock

308,300

308,300

D

Stock Option (right to buy)

$ 83.89

02/26/2009(2)

02/26/2018

Common Stock

195,200

195,200

D

Stock Option (right to buy)

$ 60.92

02/24/2010(2)

02/24/2019

Common Stock

281,510

281,510

D

Stock Option (right to buy)

$ 76.16

02/23/2011(2)

02/23/2020

Common Stock

204,640

204,640

D

Stock Option (right to buy)

$ 97.84

02/22/2012(2)

02/22/2021

Common Stock

218,175

218,175

D

Stock Option (right to buy)

$ 109.68

02/28/2013(3)

02/28/2022

Common Stock

236,510

236,510

D

Stock Option (right to buy)

$ 110.58

02/26/2014(4)

02/26/2023

Common Stock

187,015

187,015

D

Stock Option (right to buy)

$ 128.8

02/25/2015(5)

02/25/2024

Common Stock

203,930

203,930

D

Deferred Stock Unit

$ 0 (6)

(7)

(7)

Common Stock

61,187.284

61,187.284

D

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		02/26/2015
**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)	This option vests over three years in three consecutive equal annual installments beginning on February 24, 2016.
(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 28, 2013.
(4)	This option vests over three years in three consecutive equal annual installments beginning on February 26, 2014.
(5)	This option vests over three years in three consecutive equal annual installments beginning on February 25, 2015.
(6)	Conversion to Praxair Common Stock is on a 1-for-1 basis.
(7)	Deferred stock units acquired under the Praxair Compensation Deferral Program as amended and are to be settled in Praxair Common Stock.

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