SEC Form 4 · accession 0001179110-18-011438
ECOLAB INC. · ECL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael A Hickey
Officer — EVP & Pres - Global Inst
Period of report
Sep 13, 2018
Accepted (ET)
Sep 14, 2018 · 5:46 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 StockF1 | Sep 13, 2018 | M | 25,000 | $55.595 | A | 72,043 | D | |
| Common StockF2 | Sep 13, 2018 | S | 32,468 | $155.802 | D | 39,575 | D | |
| Common StockF3 | holding | — | — | — | 4,058 | 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 | $55.595 | Sep 13, 2018 | M | 25,000 | D | Dec 1, 2012 | Dec 1, 2021 | Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1The total includes 11.022 shares acquired by the reporting person on April 18, 2018 and 11.254 shares acquired by the reporting person on July 18, 2018, by dividend reinvestment under the Dividend Reinvestment Plan for shareholders of Ecolab sponsored by Computershare Trust Company, N.A.
- F2This transaction was executed in multiple trades at prices ranging from $155.48 to $156.33, 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 August 31, 2018. Includes 30.264 UNITS acquired since the reporting person's last report. (The 4,058.408 UNITS are the equivalent of approximately 7,456 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.