ECOLAB INC. — Director's Dealing 2013

Dec 7, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC (ECL)
CIK: 0000031462
Period of Report: 2013-12-04

Reporting Person: Mulhere Timothy P (EVP & Pres-Global Water)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-12-04	Employee Stock Option (Right to Buy)	$103.265	A	21520	Acquired	2023-12-04	Common Stock (21520)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9019	Direct
Common Stock	1680.480	Indirect

Footnotes

F1: Includes 1.5 shares acquired by reporting person on April 16, 2013, 1.3 shares acquired on July 16, 2013 and 1.2 shares acquired on October 16, 2013 by a dividend reinvestment feature under the Ecolab Stock Purchase Plan.

F2: Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of October 31, 2013. Includes 30.239 UNITS acquired since the reporting person's last report. (The 1,680.480 UNITS are the equivalent of approximtely 3,103 shares of the issuer's Common Stock.)

F3: The option will be exercisable, on a cumulative basis, as to one-third of the option shares (excluding any fractional 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.