Air Products and Chemicals (APD) Form 3 AIR PRODUCTS & CHEMICALS / Russell A Flugel ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

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1. Name and Address of Reporting Person^*

Flugel Russell A

(Last) (First) (Middle)

7201 HAMILTON BOULEVARD

(Street)

ALLENTOWN PA 18195

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/21/2015

3. Issuer Name and Ticker or Trading Symbol
AIR PRODUCTS & CHEMICALS INC /DE/ [ APD ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Accounting Officer

5. If Amendment, Date of 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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,447	D
Common Stock	631.895	I	By RSP(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Stock Units	08/08/1988	08/08/1988	Common Stock	2,456.498	0.0000(2)	D
Stock Option (Right to Buy)(3)	08/08/1988(4)	10/04/2015	Common Stock	1,300	55.33	D
Stock Option (Right to Buy)(3)	08/08/1988(4)	10/02/2018	Common Stock	6,128	66.9	D
Stock Option (Right to Buy)(3)	08/08/1988(4)	10/03/2016	Common Stock	2,000	67.23	D
Stock Option (Right to Buy)(3)	08/08/1988(4)	12/04/2022	Common Stock	3,886	81.57	D
Stock Option (Right to Buy)(3)	08/08/1988(4)	12/02/2021	Common Stock	3,379	82.64	D
Stock Option (Right to Buy)(3)	08/08/1988(4)	12/02/2019	Common Stock	3,406	83.6	D
Stock Option (Right to Buy)(3)	08/08/1988(4)	12/02/2020	Common Stock	3,230	86.39	D
Stock Option (Right to Buy)(3)	08/08/1988(4)	10/02/2017	Common Stock	2,200	98.85	D
Stock Option (Right to Buy)(3)	08/08/1988(4)	12/03/2023	Common Stock	3,989	107.69	D
Stock Option (Right to Buy)(3)	08/08/1988(4)	12/02/2024	Common Stock	764	144.09	D

Explanation of Responses:

1. Shares represented by units of interest in the Company Stock Fund held under the issuer's Retirement Savings Plan.

2. Not applicable to this security

3. Employee Stock Options granted under the issuer's Long-Term Incentive Plan.

4. These options become exercisable in one-third increments on the first three anniversaries of grant.

Remarks:

poa-flugel.txt

	Linda M. Svoboda as Attorney in Fact	05/22/2015
	** 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 5 (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 Number.