SEC Form 4 · accession 0001179110-15-015816
ECOLAB INC. · ECL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas W Handley
Officer — President and COO
Period of report
Dec 2, 2015
Accepted (ET)
Dec 4, 2015 · 4:15 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 StockF1,F2,F3 | May 5, 2015 | G | 187 | $0.00 | D | 1,001 | D | |
| Common StockF1 | holding | — | — | — | 19,177 | I | By GRAT No. 1 | |
| Common StockF3 | holding | — | — | — | 51,775 | I | By GRAT No. 2 | |
| Common StockF4 | holding | — | — | — | 548 | I | By Ecolab Savings Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F5 | $119.12 | Dec 2, 2015 | A | 38,452 | A | Dec 2, 2016 | Dec 2, 2025 | Common Stock | 38,452 | 38,452 | D |
Explanation of responses
- F1The reporting person is trustee and sole annuitant of GRAT No. 1, a grantor retained annuity trust. On March 9, 2015, GRAT No. 1 distributed 15,902 shares of Ecolab Inc. common stock out of the 35,079.155 shares then held by GRAT No. 1 to the reporting person as an annuity payment.
- F2Includes 98.664 shares acquired by the reporting person on April 15, 2015, by dividend reinvestment under the Dividend Reinvestment Plan for shareholders of Ecolab sponsored by Computershare Trust Company, N.A.
- F3The reporting person is trustee and sole annuitant of GRAT No. 2, a grantor retained annuity trust. On June 9, 2015, the reporting person contributed 51,775 shares of Ecolab Inc. common stock to GRAT No. 2.
- F4Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of November 30, 2015. Includes 4.501 UNITS acquired since the reporting person's last report. (The 548.044 UNITS are the equivalent of approximately 1,011 SHARES of the issuer's Common Stock.)
- F5The option will be exercisable, on a cumulative basis, as to one-third of the option shares (excluding any fractional 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.