ECOLAB INC. — Director's Dealing 2014

Mar 1, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC (ECL)
CIK: 0000031462
Period of Report: 2014-02-26

Reporting Person: Beck Christophe (EVP and Regions President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-26	Common Stock	A	6520	$0.00	Acquired	19041	Direct
2014-02-26	Common Stock	F	2202	$105.385	Disposed	16839	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1065.124	Indirect

Footnotes

F1: Reflects the reporting person's payment of minimum statutory tax obligations by withholding shares of Ecolab Common Stock incident to the vesting of performance-based restricted stock units in accordance with Rule 16b-3.

F2: Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of January 31, 2014. Includes 2.777 UNITS acquired since the reporting person's last report. (The 1,065.124 UNITS are the equivalent of approximtely 1,967 shares of the issuer's Common Stock.)