ECOLAB INC. — Director's Dealing 2014

Aug 27, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC (ECL)
CIK: 0000031462
Period of Report: 2014-08-26

Reporting Person: LEVIN JERRY W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-26	Common Stock	M	3200	$84.265	Acquired	32760.13	Direct
2014-08-26	Common Stock	F	2345	$114.965	Disposed	30415.13	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-26	Stock Option (Right to Buy)	$84.265	M	3200	Disposed	2023-05-02	Common Stock (3200)	Direct

Footnotes

F1: Reflects the reporting person's payment of the exercise price for a stock option issued in accordance with Rule 16b-3 by delivering or withholding shares of Ecolab common stock.

F2: The option became exercisable, on a cumulative basis, as to 25% of the option shares (excluding any fractional portion less than one share), on the last day of each of the first, second and third three-month periods following its May 2, 2013 date of grant and as to the remaining shares on the last day of the fourth three-month period following its date of grant.