SEC Form 4 · accession 0001179110-18-012731
ECOLAB INC. · ECL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas M Baker Jr.
Officer — Chairman and CEO · Director
Period of report
Nov 7, 2018
Accepted (ET)
Nov 9, 2018 · 4:44 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 | Nov 7, 2018 | M | 40,025 | $48.055 | A | 558,017 | D | |
| Common Stock | Nov 7, 2018 | S | 40,025 | $160.198 | D | 517,992 | D | |
| Common Stock | holding | — | — | — | 7,050 | I | By Wife | |
| Common Stock | holding | — | — | — | 72,850 | I | By Julie M. Baker 2012 Irrevocable Trust | |
| Common Stock | holding | — | — | — | 72,500 | I | By Douglas M. Baker, Jr. 2012 Irrevocable Trust | |
| Common StockF2 | holding | — | — | — | 5,583 | 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 | $48.055 | Nov 7, 2018 | M | 40,025 | D | Dec 1, 2011 | Dec 1, 2020 | Common Stock | 40,025 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $159.88 to $160.40, 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.
- F2Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of October 31, 2018. Includes 15.395 UNITS acquired since the reporting person's last report. (The 5,582.762 UNITS are the equivalent of approximately 10,256 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.