ECOLAB INC. — Director's Dealing 2014

Jul 2, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC (ECL)
CIK: 0000031462
Period of Report: 2014-06-30

Reporting Person: LUMPKINS ROBERT L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-23	Common Stock	G	37891	$0.00	Disposed	28635.10	Direct
2014-05-23	Common Stock	G	37891	$0.00	Acquired	37891	Indirect
2014-06-30	Common Stock	A	164.59	$0.00	Acquired	28799.69	Direct
2014-06-30	Common Stock	A	272.41	$110.125	Acquired	29141.50	Direct

Footnotes

F1: On May 23, 2014, the reporting person contributed 37,891 shares of Ecolab Inc. Common Stock to a grantor retained annuity trust for the benefit of himself and his daughter. The reporting person's spouse serves as trustee of the grantor retained annuity trust.

F2: Includes 69.40 shares acquired pursuant to a dividend reinvestment feature of the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan.