SEC Form 4 · accession 0001179110-16-032524
ECOLAB INC. · ECL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen M Taylor
Officer — EVP and Pres. - Nalco Champion
Period of report
Dec 5, 2016
Accepted (ET)
Dec 7, 2016 · 4:18 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 | Dec 5, 2016 | M | 5,385 | — | A | 65,780 | D | |
| Common Stock | Dec 5, 2016 | F | 2,260 | $118.025 | D | 63,520 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | — | Dec 5, 2016 | M | 5,385 | D | — | — | Common Stock | 5,385 | 5,385 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2Reflects the reporting person's payment of minimum statutory tax obligations by withholding shares of Ecolab Common Stock incident to the vesting of restricted stock units in accordance with Rule 16b-3.
- F3On December 5, 2012, the reporting person was granted 21,540 restricted stock units, vesting as to 50% of the units on the third anniversary of the date of grant, 25% of the units on the fourth anniversary of the date of grant and 25% of the units on the fifth anniversary of the date of grant, subject to continued employment.