ECOLAB INC. — Director's Dealing 2007

Jun 15, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC (ECL)
CIK: 0000031462
Period of Report: 2007-06-13

Reporting Person: FRITZE STEVEN L (Executive Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-13	Common Stock	M	30560	$19.2656	Acquired	44177	Direct
2007-06-13	Common Stock	F	20851	$43.24	Disposed	23326	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-13	Employee Stock Option (Right to Buy)	$19.2656	M	30560	Disposed	2010-08-18	Common Stock (30560)	Direct
2007-06-13	Employee Stock Option (Right to Buy)	$43.24	A	20851	Acquired	2010-08-18	Common Stock (20851)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11777.722	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 withholding shares of Ecolab Common Stock.

F2: Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of May 31, 2007. Includes 197.602 UNITS acquired since the reporting person's last report. (The 11,777.722 UNITS are the equivalent of approximately 21,997 shares of the issuer's Common Stock.)

F3: Option granted under the Ecolab Inc. 1997 Stock Incentive Plan on August 18, 2000. The option was originally reported as covering 16,500 shares at an exercise price of $38.53125 per share, but has been adjusted to reflect a stock split on June 6, 2003. The option became exercisable 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 as of the third anniversary on the date of grant.