ECOLAB INC. — Director's Dealing 2007

Jun 21, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC (ECL)
CIK: 0000031462
Period of Report: 2007-06-19

Reporting Person: SCHMECHEL DANIEL J (Senior VP & Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-19	Common Stock	M	25000	$19.2656	Acquired	47534.143	Direct
2007-06-19	Common Stock	F	17061	$43.205	Disposed	30473.143	Direct
2007-06-19	Common Stock	M	25950	$18.96	Acquired	56423.143	Direct
2007-06-19	Common Stock	F	17605	$43.205	Disposed	38820.043	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-19	Common Stock	$19.2656	M	25000	Disposed	2010-08-18	Common Stock (25000)	Direct
2007-06-19	Employee Stock Option (Right to Buy)	$43.205	A	17061	Acquired	2010-08-18	Common Stock (17061)	Direct
2007-06-19	Common Stock	$18.96	M	25950	Disposed	2011-12-06	Common Stock (25950)	Direct
2007-06-19	Employee Stock Option (Right to Buy)	$43.205	A	17605	Acquired	2011-12-06	Common Stock (17605)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2390.15	Indirect

Footnotes

F1: Reflects the reporting person's payment of the exercise price and withholding taxes for a stock option issued in accordance with Rule 16b-3 by delivering or withholding shares of Ecolab Common Stock.

F2: Includes .942 shares acquired by reporting person on January 16, 2007 and .957 shares acquired by reporting person on April 16, 2007 under the Ecolab Dividend Reinvestment Plan.

F3: The reporting person indirectly holds 2,390.15 UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of May 31, 2007. Includes 129.594 UNITS acquired since the reporting person's last report. (The 2,390.15 UNITS are equivalent to approximately 4,463 SHARES of Common Stock.)

F4: Option granted under the Ecolab Inc. 1997 Stock Incentive Plan on August 18, 2000. The option was originally reported as covering 12,500 shares at an exercise price of $38.53125 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.

F5: Option granted under the Ecolab Inc. 1997 Stock Incentive Plan on December 6, 2001. The option was originally reported as covering 15,000 shares at an exercise price of $37.92 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.