ECOLAB INC. — Director's Dealing 2012

Nov 8, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC (ECL)
CIK: 0000031462
Period of Report: 2012-11-06

Reporting Person: LUMPKINS ROBERT L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-06	Common Stock	M	7400	$24.8325	Acquired	52680.82	Direct
2012-11-06	Common Stock	F	2584	$71.105	Disposed	50096.82	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-06	Stock Option (Right to Buy)	$24.8325	M	7400	Disposed	2013-05-09	Common Stock (7400)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4684	Indirect

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.

F2: Option granted under the Ecolab Inc. 2001 Non-Employee Director Stock Option Plan. The option was originally reported as a grant of 3,700 shares at a price of $49.665 per share, and was adjusted following the company's two-for-one stock split paid June 6, 2003.