SEC Form 4 · accession 0001179110-17-007619
ECOLAB INC. · ECL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christophe Beck
Officer — EVP & Pres-Global Nalco Water
Period of report
May 17, 2017
Accepted (ET)
May 19, 2017 · 4:32 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 17, 2017 | M | 21,000 | $45.665 | A | 42,419 | D | |
| Common Stock | May 17, 2017 | F | 14,041 | $126.70 | D | 28,378 | D | |
| Common StockF2 | May 19, 2017 | S | 6,959 | $127.111 | D | 21,419 | D | |
| Common StockF3 | holding | — | — | — | 1,105 | 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)F4 | $45.665 | May 17, 2017 | M | 21,000 | D | Dec 2, 2010 | Dec 2, 2019 | Common Stock | 21,000 | 2,500 | 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.
- F2This transaction was executed in multiple trades at prices ranging from $127.1101 to $127.111, inclusive. 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.
- F3Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of April 30, 2017. Includes 3.192 UNITS acquired since the reporting person's last report. (The 1,105.288 UNITS are the equivalent of approximately 2,035 SHARES of the issuer's Common Stock.)
- F4The 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.