SEC Form 4 · accession 0001179110-18-003043
ECOLAB INC. · ECL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruno Lavandier
Officer — SVP & Corporate Controller
Period of report
Feb 26, 2018
Accepted (ET)
Feb 28, 2018 · 4:47 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 StockF1 | Feb 26, 2018 | M | 2,875 | — | A | 11,273 | D | |
| Common Stock | Feb 26, 2018 | F | 830 | $131.53 | D | 10,443 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | — | Feb 26, 2018 | M | 2,875 | D | Feb 26, 2018 | Feb 26, 2018 | Common Stock | 2,875 | 0 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2Reflects the reporting person's payment of minimum statutory tax obligations by withholding shares of Ecolab Common Stock incident to the vesting of restricted stock units in accordance with Rule 16b-3.
- F3On February 26, 2015, the reporting person was granted 2,875 restricted stock units vesting to 100% of the units on the third anniversary of the date of grant, subject to continued employment.