ECOLAB INC. — Director's Dealing 2014

Mar 7, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC (ECL)
CIK: 0000031462
Period of Report: 2014-03-05

Reporting Person: LEVIN JERRY W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-05	Common Stock	M	5200	$38.625	Acquired	34273.54	Direct
2014-03-05	Common Stock	F	1833	$109.53	Disposed	32440.54	Direct
2014-03-05	Common Stock	M	4500	$47.475	Acquired	36940.54	Direct
2014-03-05	Common Stock	F	1950	$109.53	Disposed	34990.54	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-05	Stock Option (Right to Buy)	$38.625	M	5200	Disposed	2019-05-08	Common Stock (5200)	Direct
2014-03-05	Stock Option (Right to Buy)	$47.475	M	4500	Disposed	2020-05-06	Common Stock (4500)	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: This 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 grant on 05/08/2009 and as to the remaining shares on the last day of the fourth three-month period following its date of grant.

F3: This 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 grant on 05/06/2010 and as to the remaining shares on the last day of the fourth three-month period following its date of grant.