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ECOLAB INC. Director's Dealing 2008

Feb 29, 2008

29912_dirs_2008-02-29_ff6825b0-a16a-44f2-9e68-d28c84af43d9.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: 2008-02-22

Reporting Person: Meyer Michael L (Senior VP - Human Resources)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 5650 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option (Right to Buy) $46.955 2018-02-20 Common Stock (12350) Direct

Footnotes

F1: Option granted under the Ecolab Inc. 2005 Stock Incentive Plan on February 20, 2008. The option will be exercisable, on a cumulative basis, as 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) will occur, then the option, if it has been outstanding for at least six months from the date of grant, will become immediately exercisable in full.