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: BAKER DOUGLAS M JR (Director, Chairman, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-13	Common Stock	M	78000	$18.96	Acquired	140016.267	Direct
2007-06-13	Common Stock	F	52902	$43.24	Disposed	87114.267	Direct
2007-06-13	Common Stock	M	49410	$24.34	Acquired	136524.267	Direct
2007-06-13	Common Stock	F	37034	$43.24	Disposed	99801.228	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-13	Common Stock	$18.96	M	78000	Disposed	2011-12-06	Common Stock (78000)	Direct
2007-06-13	Employee Stock Option (Right to Buy)	$43.24	A	52902	Acquired	2011-12-06	Common Stock (52902)	Direct
2007-06-13	Common Stock	$24.34	M	49410	Disposed	2012-12-05	Common Stock (49410)	Direct
2007-06-13	Employee Stock Option (Right to Buy)	$43.24	A	37034	Acquired	2012-12-05	Common Stock (37034)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4760.917	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 154.325 shares acquired by reporting person on January 16, 2007 and 156.636 shares acquired by reporting person on April 16, 2007 under the Ecolab Dividend Reinvestment Plan.

F3: The reporting person indirectly holds 4,760.917 UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of May 31, 2007. Includes 145.246 UNITS acquired since the reporting person's last report. (The 4,760.917 UNITS are equivalent to approximately 8,892 SHARES of Common Stock.)

F4: Option granted under the Ecolab Inc. 1997 Stock Incentive Plan on December 6, 2001. The option was originally reported as covering 55,000 shares at an exercise price of $37.92 but has been adjusted to reflect a stock split on June 6, 2003 and the subsequent exercise of 32,000 shares. 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. 2002 Stock Incentive Plan on December 5, 2002. The option was originally reported as covering 110,000 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.