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ECOLAB INC. — Director's Dealing 2005
Dec 10, 2005
29912_dirs_2005-12-09_64af6a3b-e2b6-4c73-b1f5-a00e11805651.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: 2005-12-07
Reporting Person: BELL LAWRENCE T (SVP, GC and Secretary)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2005-12-07 | Employee Stock Option (Right to Buy) | $34.075 | A | 50400 | Acquired | 2015-12-07 | Common Stock (50400) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 112189 | Direct |
| Common Stock | 8022.06 | Indirect |
| Common Stock | 1974 | Indirect |
| Common Stock | 2082 | 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 October 31, 2005. Includes 12.848 UNITS acquired by the reporting person in the Ecolab Stock Fund of the Ecolab Savings Plan since the date of his last report. (The 8,022.06 UNITS are the equivalent of approximately 14,497.276 SHARES of the issuer's Common Stock.)
F2: A daughter of the reporting person holds 1,974 shares, of which, the reporting person is an Indirect Beneficial Owner.
F3: A daughter of the reporting person holds 2,082 shares, of which, the reporting person is an Indirect Beneficial Owner.
F4: The option will be 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; provided, however, that if a Change in Control (as that term is defined in the 2005 Ecolab Inc. Stock Incentive Plan) will occur, then the option, if it has been outstanding for at least six months from the date of grant, will become immediately exercisable in full.