ECOLAB INC. — Director's Dealing 2012

Jan 26, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC (ECL)
CIK: 0000031462
Period of Report: 2012-01-24

Reporting Person: LEVIN JERRY W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-24	Common Stock	M	4821	$31.945	Acquired	41256.65	Direct
2012-01-24	Common Stock	F	2531	$60.835	Disposed	38725.65	Direct
2012-01-24	Common Stock	M	3117	$31.945	Acquired	41842.65	Direct
2012-01-24	Common Stock	F	1636	$60.835	Disposed	40206.65	Direct
2012-01-24	Common Stock	M	4398	$31.945	Acquired	44604.65	Direct
2012-01-24	Common Stock	F	2309	$60.835	Disposed	42295.65	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-24	Stock Option (Right to Buy)	$31.945	M	4821	Disposed	2012-05-10	Common Stock (4821)	Direct
2012-01-24	Stock Option (Right to Buy)	$31.945	M	3117	Disposed	2012-05-10	Common Stock (3117)	Direct
2012-01-24	Stock Option (Right to Buy)	$31.945	M	4398	Disposed	2012-11-01	Common Stock (4398)	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.