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ECOLAB INC. — Director's Dealing 2007
Dec 8, 2007
29912_dirs_2007-12-07_5d32cccc-e644-4d2c-8cce-1e43364818c0.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: 2007-12-05
Reporting Person: SCHMECHEL DANIEL J (Senior VP & Controller)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-12-05 | Employee Stock Option (Right to Buy) | $49.42 | A | 21500 | Acquired | 2017-12-05 | Common Stock (21500) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 38821.908 | Direct |
| Common Stock | 2402.111 | Indirect |
Footnotes
F1: Includes 0.959 shares aquired on July 19, 2007 and 0.906 shares acquired by reporting person on October 19, 2006 under the Dividend Reinvestment Plan for shareholders of Ecolab sponsored by Computershare Trust Company, Inc.
F2: Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of October 31, 2007. Includes 11.961 UNITS acquired since the reporting person's last report. (The 2,402.111 UNITS are the equivalent of approximately 4,484 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 fractitonal 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.