AIR PRODUCTS & CHEMICALS INC /DE/ 4

4 · AIR PRODUCTS & CHEMICALS INC /DE/ · Filed Oct 2, 2003

Form 4

Period: 2003-10-01

Exec. V.P. Gases & Equip.

Transactions

Award
Rights 2004
2003-10-02+50,000→ 50,000 total
Exercise: $0.00From: 1988-08-08Exp: 2013-10-02→ Common Stock (50,000 underlying)
Other
Common Stock
2003-10-02+38.273→ 233.936 total(indirect: By RSSOP)
Award
2004 Stock Options
2003-10-01+50,000→ 50,000 total
Exercise: $45.53From: 1988-08-08Exp: 2013-10-02→ Common Stock (50,000 underlying)

Holdings

Footnotes (5)

[F1]Transactions not required to be reported since last filing.
[F2]Shares represented by units of interest in the Company Stock Fund held under the issuer's Retirement Savings and Stock Ownership Plan.
[F3]Employee Stock Options (Options) granted under the issuer's Long-Term Incentive Plan (LTIP). Exercise of these Options cancels the related Rights described herein on a one-for-one basis.
[F4]One-third become exercisable 10/1/04; one-third become exercisable 10/1/05; and one-third become exercisable 10/1/06.
[F5]The Options include contractual rights (Rights) similar to employee restricted appreciation rights with exercise dates only during a 30 day period following a change in control of the Company (as defined in the LTIP). Exercise of Rights cancels the related Options on a one-for-one basis and entitles the reporting person to receive a cash payment equal to the fair market value of a share of Common Stock on the date of exercise (as defined int he LTIP) minus the option exercise price.

Documents

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