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ECOLAB INC. — Director's Dealing 2007
May 4, 2007
29912_dirs_2007-05-04_83a89654-dcd0-44d2-b710-69ef93846569.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: ECOLAB INC (ECL)
CIK: 0000031462
Period of Report: 2007-04-24
Reporting Person: WHITE JAMES H (Executive VP - EMEA)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 0 | Direct |
| Common Stock | 269.119 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy) | $32.99 | 2015-10-27 | Common Stock (50000) | Direct | |
| Employee Stock Option (Right to Buy) | $45.24 | 2016-12-06 | Common Stock (23800) | Direct |
Footnotes
F1: Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of March 31, 2007. (The 269.119UNITS are the equivalent of approximately 502 shares of the issuer's Common Stock.)
F2: Options granted under the Ecolab Inc. 2002 Stock Incentive Plan on October 27, 2005. The option becomes exercisable, on a cumulative basis, as to 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 2002 Plan) of the Company occurs, then the option, if it has been outstanding for at least six months from the date of grant, will become immediately exercisable in full.
F3: Option granted under the Ecolab Inc. 2005 Stock Incentive Plan on December 6, 2006. The option becomes exercisable, on a cumulative basis, as to 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 Plan) of the Company occurs, then the option, if it has been outstanding for at least six months from the date of grant, will become immediately exercisable in full.