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ECOLAB INC. Director's Dealing 2007

May 8, 2007

29912_dirs_2007-05-08_5d28a2f4-49b4-4b05-9f46-e2e26d0087e8.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: 2007-05-04

Reporting Person: JOHNSON JOEL W (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-05-04 Common Stock M 7600 $20.00 Acquired 51432.37 Direct
2007-05-04 Common Stock F 3542 $42.905 Disposed 47890.37 Direct
2007-05-04 Common Stock M 3682 $17.745 Acquired 51572.37 Direct
2007-05-04 Common Stock F 1522 $42.905 Disposed 50050.37 Direct
2007-05-04 Common Stock M 6800 $22.6525 Acquired 56850.37 Direct
2007-05-04 Common Stock F 3590 $42.905 Disposed 53260.37 Direct
2007-05-04 Common Stock M 4076 $22.6525 Acquired 57336.37 Direct
2007-05-04 Common Stock F 2152 $42.905 Disposed 55184.37 Direct
2007-05-04 Common Stock M 3442 $24.035 Acquired 58626.37 Direct
2007-05-04 Common Stock F 1928 $42.905 Disposed 56698.37 Direct
2007-05-04 Common Stock M 7400 $24.8325 Acquired 64098.37 Direct
2007-05-04 Common Stock F 4282 $42.905 Disposed 59863.05 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2007-05-04 Stock Option (Right to Buy) $42.905 A 4300 Acquired 2017-05-04 Common Stock (4300) Direct
2007-05-04 Stock Option (Right to Buy) $20.00 M 7600 Disposed 2011-05-11 Common Stock (7600) Direct
2007-05-04 Stock Option (Right to Buy) $17.745 M 3682 Disposed 2011-11-01 Common Stock (3682) Direct
2007-05-04 Stock Option (Right to Buy) $22.6525 M 6800 Disposed 2012-05-10 Common Stock (6800) Direct
2007-05-04 Stock Option (Right to Buy) $22.6525 M 4076 Disposed 2012-05-10 Common Stock (4076) Direct
2007-05-04 Stock Option (Right to Buy) $24.035 M 3442 Disposed 2012-11-01 Common Stock (3442) Direct
2007-05-04 Stock Option (Right to Buy) $24.8325 M 7400 Disposed 2013-05-09 Common Stock (7400) Direct
2007-05-04 Stock Option (Right to Buy) $42.905 A 3542 Acquired 2011-05-11 Common Stock (3542) Direct
2007-05-04 Stock Option (Right to Buy) $42.905 A 1522 Acquired 2011-11-01 Common Stock (1522) Direct
2007-05-04 Stock Option (Right to Buy) $42.905 A 3590 Acquired 2012-05-10 Common Stock (3590) Direct
2007-05-04 Stock Option (Right to Buy) $42.905 A 2152 Acquired 2012-05-10 Common Stock (2152) Direct
2007-05-04 Stock Option (Right to Buy) $42.905 A 1928 Acquired 2012-11-01 Common Stock (1928) Direct
2007-05-04 Stock Option (Right to Buy) $42.905 A 4282 Acquired 2013-05-09 Common Stock (4282) Direct

Footnotes

F1: Reflects the reporting person's payment of the exercise price of the stock options issued in accordance with Rule 16b-3 in each case by delivering shares of Ecolab common stock.

F2: Includes 46.68 shares acquired by dividend reinvestment under the Dividend Reinvestment Plan for shareholders of Ecolab sponsored by Computershare Trust Company, Inc.

F3: The exercise price for the stock options has been halved and the number of shares subject to the options doubled to reflect a 2-for-1 stock split paid June 6, 2003 subsequent to the original reporting of the options.