SEC Form 4 · accession 0001179110-17-015044

ECOLAB INC. · ECL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President and COO

Period of report

Dec 4, 2017

Accepted (ET)

Dec 6, 2017 · 5:19 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	Dec 4, 2017	M	34,700	$48.055	A	109,542	D
Common Stock	Dec 4, 2017	F	23,056	$136.43	D	86,486	D
Common Stock^F2	Dec 5, 2017	S	11,644	$137.504	D	74,842	D
Common Stock	holding	—	—		—	3,276	I	By child #1 trust
Common Stock	holding	—	—		—	3,276	I	By child #2 trust
Common Stock	holding	—	—		—	40,101	I	By 2016 GRAT
Common Stock^F3	holding	—	—		—	561	I	By Ecolab Savings Plan

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	$48.055	Dec 4, 2017	M	34,700	D	Dec 1, 2011	Dec 1, 2020	Common Stock	34,700	0	D

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 $137.30 to $137.80, 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 November 30, 2017. Includes 1.522 UNITS acquired since the reporting person's last report. (The 561.191 UNITS are the equivalent of approximately 1,032 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.