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: 2014-03-04

Reporting Person: JOHNSON JOEL W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-04	Common Stock	M	6700	$29.29	Acquired	78740.45	Direct
2014-03-04	Common Stock	F	1797	$109.155	Disposed	76943.45	Direct
2014-03-04	Common Stock	M	2765	$59.67	Acquired	79708.45	Direct
2014-03-04	Common Stock	F	1511	$109.155	Disposed	78265.197	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-04	Stock Option (Right to Buy)	$29.29	M	6700	Disposed	2014-05-07	Common Stock (6700)	Direct
2014-03-04	Stock Option (Right to Buy)	$59.67	M	2765	Disposed	2014-05-07	Common Stock (2765)	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: Includes 67.747 shares acquired January 17, 2014 by dividend reinvestment under the Dividend Reinvestment Plan for shareholders of Ecolab sponsored by Computershare Trust Company, Inc.