SEC Form 4 · accession 0001179110-16-029097

ECOLAB INC. · ECL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Michael A Hickey

Officer — EVP & Pres. Global Inst.

Period of report

Aug 25, 2016

Accepted (ET)

Aug 29, 2016 · 6:28 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	Aug 25, 2016	M	21,500	$49.42	A	61,342	D
Common Stock	Aug 25, 2016	F	14,862	$122.285	D	46,480	D
Common Stock	Aug 25, 2016	M	30,300	$35.63	A	76,780	D
Common Stock	Aug 25, 2016	F	19,177	$122.285	D	57,603	D
Common Stock^F3	Aug 29, 2016	S	17,761	$123.904	D	39,865	D
Common Stock^F4	holding	—	—		—	3,942	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	$49.42	Aug 25, 2016	M	21,500	D	Dec 5, 2008	Dec 5, 2017	Common Stock	21,500	0	D
Employee Stock Option (Right to Buy)^F6	$35.63	Aug 25, 2016	M	30,300	D	Dec 3, 2009	Dec 3, 2018	Common Stock	30,300	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 Inc. common stock.
F2This transaction was executed in multiple trades at prices ranging from $123.90 to $124.14. 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.
F3The total includes 11.639 shares acquired on April 15, 2016 and 11.066 shares acquired on July 15, 2016 by dividend reinvestment under the Dividend Reinvestment Plan for shareholders of Ecolab sponsored by Computershare Trust Company, N.A.
F4Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of July 31, 2016. Includes 35.199 UNITS acquired since the reporting person's last report. (The 3941.711 UNITS are the equivalent of approximately 7,267 SHARES of the issuer's Common Stock.)
F5Option granted on December 5, 2007 under the Ecolab Inc. 2005 Stock Incentive Plan. 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 shares on the third anniversary of the date of grant.
F6Option granted on December 3, 2008 under the Ecolab Inc. 2005 Stock Incentive Plan. 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 shares on the third anniversary of the date of grant.