SEC Form 4 · accession 0001179110-16-024451
ECOLAB INC. · ECL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy P Mulhere
Officer — EVP & Regions President
Period of report
May 10, 2016
Accepted (ET)
May 12, 2016 · 5:38 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 | May 10, 2016 | M | 13,600 | $49.42 | A | 30,087 | D | |
| Common Stock | May 10, 2016 | F | 9,221 | $116.55 | D | 20,866 | D | |
| Common StockF2 | holding | — | — | — | 1,771 | 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)F3 | $49.42 | May 10, 2016 | M | 13,600 | D | Dec 5, 2008 | Dec 5, 2017 | Common Stock | 13,600 | 0 | D |
Explanation of responses
- F1Reflects the reporting person's payment of the exercise price and withholding taxes for a stock option issued in accordance with Rule 16b-3 by delivering or withholding shares of Ecolab common stock.
- F2Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of April 30, 2016. Includes 17.625 UNITS acquired since the reporting person's last report. (The 1,771.427 UNITS are the equivalent of approximately 3,268 SHARES of the issuer's Common Stock.)
- F3Option granted under the Ecolab Inc. 2005 Stock Incentive Plan on December 5, 2007. The option became 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 option shares on the third anniversary of the date of grant.