SEC Form 4 · accession 0001179110-17-004150
ECOLAB INC. · ECL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jerry W Levin
Director
Period of report
Mar 3, 2017
Accepted (ET)
Mar 7, 2017 · 6:15 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 Stock | Mar 3, 2017 | M | 2,400 | $104.85 | A | 34,921 | D | |
| Common Stock | Mar 3, 2017 | F | 2,010 | $125.155 | D | 32,911 | D | |
| Common Stock | Mar 3, 2017 | M | 2,200 | $112.745 | A | 35,111 | D | |
| Common Stock | Mar 3, 2017 | F | 1,981 | $125.155 | D | 33,130 | D | |
| Common Stock | Mar 3, 2017 | M | 1,725 | $115.075 | A | 34,855 | D | |
| Common Stock | Mar 3, 2017 | F | 1,586 | $125.155 | D | 33,269 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Employee Stock Option (Right to Buy)F2 | $104.85 | Mar 3, 2017 | M | 2,400 | D | Aug 8, 2014 | May 8, 2024 | Common Stock | 2,400 | 0 | D |
| Non-Employee Stock Option (Right to Buy)F2 | $112.745 | Mar 3, 2017 | M | 2,200 | D | Aug 7, 2015 | May 7, 2025 | Common Stock | 2,200 | 0 | D |
| Non-Employee Stock Option (Right to Buy)F3 | $115.075 | Mar 3, 2017 | M | 1,725 | D | Aug 5, 2016 | May 5, 2026 | Common Stock | 1,725 | 575 | 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.
- F2The option became 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.
- F3The option became 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 the remaining shares will become exercisable 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.