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ECOLAB INC. — Director's Dealing 2005
Dec 10, 2005
29912_dirs_2005-12-09_afda0f7b-8c30-4034-8575-e374858607c3.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: BAKER DOUGLAS M JR (Director, CEO & President)
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 | 303000 | Acquired | 2015-12-07 | Common Stock (303000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 23595.036 | Direct |
| Common Stock | 4448.965 | Indirect |
Footnotes
F1: Includes 49.731 shares acquired on April 15, 2005, 52.433 shares acquired on July 15, 2005 and 52.951 shares acquired on October 17, 2005 by reporting person under the Ecolab Dividend Reinvestment Plan.
F2: Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of Ocotober 31, 2005. Includes 135.633 UNITS acquired since the reporting person's last report. (The 4,448.965 UNITS are the equivalent of approximtely 8,040.064 shares of the issuer's Common Stock.)
F3: 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.