SEC Form 4 · accession 0001179110-15-003260
ECOLAB INC. · ECL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alex N Blanco
Officer — EVP and Chief Supply Chain Off
Period of report
Feb 20, 2015
Accepted (ET)
Feb 24, 2015 · 4:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000031462
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 20, 2015 | M | 3,647 | $0.00 | A | 6,042 | D | |
| Common Stock | Feb 20, 2015 | F | 1,249 | $111.745 | D | 4,793 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Feb 20, 2015 | M | 3,647 | D | Feb 20, 2015 | Feb 20, 2016 | Common Stock | 3,647 | 3,647 | D |
Explanation of responses
- F1Reflects the reporting person's payment of minimum statutory tax obligations by withholding shares of Ecolab Common Stock incident to the vesting of restricted stock units in accordance with Rule 16b-3.
- F2Each restricted stock unit was the economic equivalent of one share of Ecolab Common Stock and was settled for an equivalent number of shares of Ecolab Common Stock.
- F3Represents the second vesting (out of three) of units from an initial grant of 10,940 restricted stock units made on February 20, 2013. The vesting schedule for the original grant provided for the units to vest, subject to the reporting person's continued employment, as to one-third of the grant amount (excluding any factional portion less than one share), on each of the first and second anniversaries of the date of grant and as to the remaining shares on the third anniversary of the date of grant.