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ECOLAB INC. — Director's Dealing 2009
Sep 19, 2009
29912_dirs_2009-09-18_9f880239-f764-4236-afb5-358e3489118f.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: 2009-09-16
Reporting Person: BAKER DOUGLAS M JR (Director, Chairman, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2009-06-10 | Common Stock | G | 100000 | — | Disposed | 29747.215 | Direct |
| 2009-06-10 | Common Stock | G | 100000 | — | Acquired | 100000 | Indirect |
| 2009-08-04 | Common Stock | G | 3600 | — | Disposed | 96400 | Indirect |
| 2009-09-16 | Common Stock | M | 85295 | $24.34 | Acquired | 115042.215 | Direct |
| 2009-09-16 | Common Stock | F | 61885 | $46.715 | Disposed | 53157.215 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2009-09-16 | Common Stock | $24.34 | M | 85295 | Disposed | 2012-12-05 | Common Stock (85295) | Direct |
| 2009-09-16 | Employee Stock Option (Right to Buy) | $46.715 | A | 61885 | Acquired | 2012-12-05 | Common Stock (61885) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 5005.405 | 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: The reporting person indirectly holds 5,005.405 UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of August 31, 2009. Includes 18.218 UNITS acquired since the reporting person's last report. (The 5,005.405 UNITS are equivalent to approximately 9,358 SHARES of Common Stock.)
F3: Option granted under the Ecolab Inc. 2002 Stock Incentive Plan on December 5, 2002. The option was originally reported as covering 220,000 shares at an exercise price of $48.68 but has been adjusted to reflect a stock split on June 6, 2003 and the subsequent exercise of 49,410 shares on June 13, 2007 and 85,295 shares on December 14, 2007. 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.