SEC Form 4 · accession 0001179110-16-024019
ECOLAB INC. · ECL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David MacLennan
Director
Period of report
May 5, 2016
Accepted (ET)
May 6, 2016 · 4:15 pm EDT
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 | holding | — | — | — | 291 | D | ||
| Common Stock | holding | — | — | — | 4,500 | I | By David W. MacLennan 2011 GRAT | |
| Common Stock | holding | — | — | — | 750 | I | By David W. MacLennan 2015 GRAT | |
| Common Stock | holding | — | — | — | 435 | I | By Everett W. MacLennan Irrevocable Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Employee Director Stock Option (Right to Buy)F1 | $115.075 | May 5, 2016 | A | 2,300 | A | Aug 5, 2016 | May 5, 2026 | Common Stock | 2,300 | 2,300 | D |
| Non-Employee Director Stock Option (Right to Buy)F1 | $115.075 | May 5, 2016 | A | 1,000 | A | Aug 5, 2016 | May 5, 2026 | Common Stock | 1,000 | 1,000 | D |
Explanation of responses
- F1The option will become exercisable, on a cumulative basis, as to 25% of the option shares (excluding any fractional portion less than one share), on the last day of each of the first, second and third three-month periods following its date of grant and as to the remaining shares on the last day of the fourth three-month period following its date of grant; provided, however, that if a Change in Control of the Company (as that term is defined in the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan) will occur, then the option will become immediately exercisable in full.