ECOLAB INC. — Director's Dealing 2015

Mar 2, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC (ECL)
CIK: 0000031462
Period of Report: 2015-02-26

Reporting Person: HANDLEY THOMAS W (President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-26	Common Stock	A	10140	—	Acquired	40590	Direct
2015-02-26	Common Stock	F	3628	$115.62	Disposed	36962	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	35079.155	Indirect
Common Stock	543.543	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, 2015. Includes 1.749 UNITS acquired since the reporting person's last report. (The 543.543 UNITS are the equivalent of approximately 1,004 SHARES of the issuer's Common Stock.)