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ECOLAB INC. Director's Dealing 2003

Aug 15, 2003

29912_dirs_2003-08-15_16104c02-cee9-44f4-81fe-37f08d0a106d.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC (ECL)
CIK: 0000031462
Period of Report: 2003-08-13

Reporting Person: BELL LAWRENCE T (SVP Law, GC and Secretary)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2003-08-13 Common Stock F 654 $25.26 Disposed 79566 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 7541.363 Indirect
Common Stock 1974 Indirect
Common Stock 2082 Indirect

Footnotes

F1: Reflects the reporting person's withholding of shares from the vesting of a restricted stock award to satisfy withholding taxes in accordance with Rule 16b-3.

F2: The number of shares reported by the reporting person have been doubled to reflect the 2 for 1 stock split of Ecolab Inc. Common Stock effected in the form of a 100% stock dividend on June 6, 2003.

F3: Number of UNITS owned by the reporting person in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of July 31, 2003. Includes 21.731 UNITS acquired since the reporting person's last report. (The 7,541.363 UNITS are the equivalent of approximately 13,586.75 SHARES of the issuer's Common Stock.)