SEC Form 4 · accession 0001179110-16-024453
ECOLAB INC. · ECL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bryan L Hughes
Officer — Sr. VP & Corporate Controller
Period of report
May 10, 2016
Accepted (ET)
May 12, 2016 · 5:39 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 | 6,500 | $49.42 | A | 13,500 | D | |
| Common StockF1,F2 | May 10, 2016 | S | 6,000 | $117.031 | D | 7,500 | D | |
| Common StockF3 | holding | — | — | — | 531 | 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)F4 | $49.42 | May 10, 2016 | M | 6,500 | D | Dec 5, 2008 | Dec 5, 2017 | Common Stock | 6,500 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $117.03 to $117.08. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F2The total includes 0.082 shares acquired on April 20, 2016, by dividend reinvestment under the Dividend Reinvestment Plan for shareholders of Ecolab sponsored by Computershare Trust Company, N.A.
- F3Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of April 30, 2016. Includes 1.59 UNITS acquired since the reporting person's last report. (The 531.201 UNITS are the equivalent of approximately 980 SHARES of the issuer's Common Stock.)
- F4Option 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.