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ECOLAB INC. — Director's Dealing 2004
Jun 3, 2004
29912_dirs_2004-06-03_ad98b788-ec9b-49f3-886c-8dd40977da14.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: 2004-06-01
Reporting Person: NISITA MAURIZIO (SVP - Global Operations)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2004-06-01 | Common Stock | M | 29480 | $10.945 | Acquired | 130199 | Direct |
| 2004-06-01 | Common Stock | S | 16880 | $30.65 | Disposed | 113319 | Direct |
| 2004-06-01 | Common Stock | S | 700 | $30.68 | Disposed | 112619 | Direct |
| 2004-06-01 | Common Stock | S | 8000 | $30.69 | Disposed | 104619 | Direct |
| 2004-06-01 | Common Stock | S | 2400 | $30.70 | Disposed | 102219 | Direct |
| 2004-06-01 | Common Stock | S | 800 | $30.71 | Disposed | 101419 | Direct |
| 2004-06-01 | Common Stock | S | 100 | $30.73 | Disposed | 101319 | Direct |
| 2004-06-01 | Common Stock | S | 600 | $30.74 | Disposed | 100719 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2004-06-01 | Employee Stock Option - Right to Buy | $10.945 | M | 29480 | Disposed | 2008-08-15 | Common Stock (29480) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 9200.57 | Indirect |
Footnotes
F1: Number of units owned by the reporting person in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) plan) as of May 31, 2004. Includes 209.394 units acquired since the reporting person's last report. (The 9,200.57 UNITS are the equivalent of approximately 17,243.153 shares of the issuer's Common Stock.)
F2: This option was previously reported as covering 7,370 shares at an exercise price of $43.78125 per share, but has been adjusted to reflect 2-for-1 stock splits on January 15, 1998 and June 6, 2003. The option was granted under the Ecolab Inc. 1997 Stock Incentive Plan ("1997 Plan") on August 15, 1997 and became exercisable, on a cumulative basis, as to 25% of the total shares subject to the option (excluding any fractional portion less than one share) on each of the first, second and third anniversaries of the date of grant and as to the remaining shares on the fourth anniversary of the date of grant.