ECOLAB INC. — Director's Dealing 2012

Dec 5, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC (ECL)
CIK: 0000031462
Period of Report: 2012-12-04

Reporting Person: GRUNDHOFER JERRY A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-04	Common Stock	M	4367	$42.075	Acquired	75506.08	Direct
2012-12-04	Common Stock	F	2560	$71.77	Disposed	72946.08	Direct
2012-12-05	Common Stock	G	7100	$0.00	Disposed	65846.08	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-04	Stock Option (Right to Buy)	$42.075	M	4367	Disposed	2013-05-09	Common Stock (4367)	Direct

Footnotes

F1: 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.