SEC Form 4 · accession 0001179110-17-006991
ECOLAB INC. · ECL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas W Handley
Officer — President and COO
Period of report
May 8, 2017
Accepted (ET)
May 10, 2017 · 4:55 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 8, 2017 | M | 31,400 | $45.665 | A | 45,230 | D | |
| Common Stock | May 8, 2017 | F | 21,003 | $126.555 | D | 24,227 | D | |
| Common Stock | holding | — | — | — | 27,675 | I | By 2015 GRAT | |
| Common Stock | holding | — | — | — | 75,556 | I | By 2016 GRAT | |
| Common Stock | holding | — | — | — | 717 | I | By child #1 trust | |
| Common Stock | holding | — | — | — | 717 | I | By child #2 trust | |
| Common StockF2 | holding | — | — | — | 558 | 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 | $45.665 | May 8, 2017 | M | 31,400 | D | Dec 2, 2010 | Dec 2, 2019 | Common Stock | 31,400 | 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 common stock.
- F2Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of April 30, 2017. Includes 1.613 UNITS acquired since the reporting person's last report. (The 558.083 UNITS are the equivalent of approximately 1,027 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.