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ECOLAB INC. Director's Dealing 2006

Nov 27, 2006

29912_dirs_2006-11-27_fe1d8630-4c1c-4826-b187-6539d4db58c9.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: 2006-11-22

Reporting Person: IANNUZZI LUCIANO (EVP-Europe, Africa & M.E.)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2006-11-22 Common Stock M 12200 $24.34 Acquired 12200 Direct
2006-11-22 Common Stock S 9500 $46.00 Disposed 2700 Direct
2006-11-22 Common Stock S 1500 $46.01 Disposed 1200 Direct
2006-11-22 Common Stock S 1200 $46.02 Disposed 0 Direct
2006-11-24 Common Stock M 7800 $24.34 Acquired 7800 Direct
2006-11-24 Common Stock M 30000 $27.39 Acquired 37800 Direct
2006-11-24 Common Stock S 900 $46.00 Disposed 36900 Direct
2006-11-24 Common Stock S 1000 $46.01 Disposed 35900 Direct
2006-11-24 Common Stock S 800 $46.02 Disposed 35100 Direct
2006-11-24 Common Stock S 2000 $46.03 Disposed 33100 Direct
2006-11-24 Common Stock S 600 $46.04 Disposed 32500 Direct
2006-11-24 Common Stock S 2400 $46.05 Disposed 30100 Direct
2006-11-24 Common Stock S 3800 $46.06 Disposed 26300 Direct
2006-11-24 Common Stock S 1700 $46.07 Disposed 24600 Direct
2006-11-24 Common Stock S 2100 $46.08 Disposed 22500 Direct
2006-11-24 Common Stock S 2800 $46.09 Disposed 19700 Direct
2006-11-24 Common Stock S 7000 $46.10 Disposed 12700 Direct
2006-11-24 Common Stock S 3300 $46.11 Disposed 9400 Direct
2006-11-24 Common Stock S 700 $46.12 Disposed 8700 Direct
2006-11-24 Common Stock S 600 $46.13 Disposed 8100 Direct
2006-11-24 Common Stock S 800 $46.14 Disposed 7300 Direct
2006-11-24 Common Stock S 500 $46.15 Disposed 6800 Direct
2006-11-24 Common Stock S 100 $46.16 Disposed 6700 Direct
2006-11-24 Common Stock S 100 $46.17 Disposed 6600 Direct
2006-11-24 Common Stock S 1100 $46.18 Disposed 5500 Direct
2006-11-24 Common Stock S 1500 $46.19 Disposed 4000 Direct
2006-11-24 Common Stock S 4000 $46.20 Disposed 0 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2006-11-22 Employee Stock Option (Right to Buy) $24.34 M 12200 Disposed 2012-12-05 Common Stock (12200) Direct
2006-11-24 Employee Stock Option (Right To Buy) $24.34 M 7800 Disposed 2012-12-05 Common Stock (7800) Direct
2006-11-24 Employee Stock Option (Right To Buy) $27.39 M 30000 Disposed 2013-12-11 Common Stock (30000) Direct

Footnotes

F1: Option granted under the Ecolab Inc. 2002 Stock Incentive Plan on December 5, 2002. The option was originally reported as covering 16,000 shares at an exercise price of $48.68 but has been adjusted to reflect a stock split on June 6, 2003. The option became exercisable, cumulatively, as to one-third of the total shares subject to the option 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.

F2: Option granted under the Ecolab Inc. 2002 Stock Incentive Plan on December 11, 2003. The option became exercisable, cumulatively, as to one-third of the total shares subject to the option 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.