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ECOLAB INC. Director's Dealing 2004

May 4, 2004

29912_dirs_2004-05-04_0c7c65dc-3bc7-48c8-859a-93ff88a4ad6b.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: 2004-04-30

Reporting Person: BILLER LESLIE S (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2004-04-30 Common Stock A 140.13 $0.00 Acquired 38768.74 Direct
2004-04-30 Common Stock A 341.91 $29.735 Acquired 39162.90 Direct
2004-04-30 Common Stock M 6412 $22.653 Acquired 45574.90 Direct
2004-04-30 Common Stock F 4884 $29.735 Disposed 40690.90 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2004-04-30 Director Stock Option (Right to Buy) $22.653 M 6412 Disposed 2012-05-10 Common Stock (6412) Direct
2004-04-30 Director Stock Option (Right to Buy) $29.735 A 4884 Acquired 2012-05-10 Common Stock (4884) Direct

Footnotes

F1: Reflects the reporting person's payment of the exercise price of a stock option issued in accordance with Rule 16b-3 by delivering shares of Ecolab Common Stock.

F2: Includes 52.25 shares acquired pursuant to a dividend reinvestment feature of the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan.

F3: This option was previously reported as covering 3,206 shares at an exercise price of $45.305/share, but has been adjusted to reflect a 2-for-1 stock split on June 6, 2003.