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ECOLAB INC. — Director's Dealing 2007
Dec 8, 2007
29912_dirs_2007-12-07_77c6a5d8-fa84-45ff-b50f-f4ea19ef161f.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: BAKER DOUGLAS M JR (Director, Chairman, President & CEO)
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 | 310000 | Acquired | 2017-12-05 | Common Stock (310000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 100296.081 | Direct |
| Common Stock | 4785.010 | Indirect |
Footnotes
F1: Includes 254.427 shares acquired on July 19, 2007 and 240.426 shares acquired by reporting person on October 18, 2007 by dividend reinvestment 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 24.093 UNITS acquired since the reporting person's last report. (The 4,785.010 UNITS are the equivalent of approximtely 8,933 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.