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ECOLAB INC. — Director's Dealing 2010
Dec 16, 2010
29912_dirs_2010-12-15_a328cd6e-a724-43ca-b8e8-acfd0d376c36.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: 2010-12-13
Reporting Person: MILLER JAMES A (President, Specialty & Service)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-12-13 | Common Stock | M | 40000 | $18.96 | Acquired | 42731.368 | Direct |
| 2010-12-13 | Common Stock | F | 24823 | $48.65 | Disposed | 17908.368 | Direct |
| 2010-12-13 | Common Stock | G | 15177 | $0.00 | Disposed | 2731.368 | Direct |
| 2010-12-13 | Common Stock | G | 15177 | $0.00 | Acquired | 17608 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-12-13 | Employee Stock Option (Right to Buy) | $18.96 | M | 40000 | Disposed | 2011-12-06 | Common Stock (40000) | Direct |
| 2010-12-13 | Employee Stock Option (Right to Buy) | $48.65 | A | 7804 | Acquired | 2011-12-06 | Common Stock (7804) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1079.179 | Indirect |
Footnotes
F1: As further explained in footnote (4) below, 2,431 shares prevously reported as a part of the reporting person's direct holdings are no longer included in the direct ownership total and are reported with other trust holdings instead.
F2: Reflects the reporting person's payment of the exercise price and witholding taxes for a stock option issued in accordance with Rule 16b-3 by delivering or withholding shares of Ecolab common stock.
F3: Reflects the assignment by the reporting person of shares received from his option exercise to his revocable trust.
F4: Balance includes 2,431 shares held in the reporting person's revocable trust that were previously reported as a part of his direct holdings.
F5: Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of November 30, 2010. (The 1,079.179 UNITS are the equivalent of approximtely 2,014 SHARES of the issuer's common stock.)
F6: Option granted under the Ecolab Inc. 1997 Stock Incentive Plan. The option became exercisable, on a cumulative basis, as to one-third of the option shares (excluding any fraction 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.