SEC Form 4 · accession 0001179110-17-004873
ECOLAB INC. · ECL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Larry L Berger
Officer — Executive VP & CTO
Period of report
Mar 16, 2017
Accepted (ET)
Mar 17, 2017 · 5:54 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 | Mar 16, 2017 | M | 3,100 | $48.055 | A | 36,210 | D | |
| Common Stock | Mar 16, 2017 | F | 1,832 | $125.055 | D | 34,378 | D | |
| Common Stock | Mar 16, 2017 | M | 13,000 | $55.595 | A | 47,378 | D | |
| Common Stock | Mar 16, 2017 | F | 9,071 | $125.055 | D | 38,307 | D | |
| Common StockF2 | holding | — | — | — | 69 | 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 | $48.055 | Mar 16, 2017 | M | 3,100 | D | Dec 1, 2011 | Dec 1, 2020 | Common Stock | 3,100 | 0 | D |
| Employee Stock Option (Right to Buy)F3 | $55.595 | Mar 16, 2017 | M | 13,000 | D | Dec 1, 2012 | Dec 1, 2021 | Common Stock | 13,000 | 10,000 | 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 February 28, 2017. The 69.269 UNITS are the equivalent of approximately 128 SHARES of the issuer's Common Stock.
- F3The 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. The date listed in the "Date Exercisable" column represents the first anniversary date of the date of grant.