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: BAKER DOUGLAS M JR (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-26	Common Stock	A	46100	$0.00	Acquired	371355	Direct
2015-02-26	Common Stock	F	20957	$115.620	Disposed	350398	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12415	Indirect
Common Stock	69925	Indirect
Common Stock	5345.487	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 17.303 UNITS acquired since the reporting person's last report. (The 5,345.487 UNITS are the equivalent of approximately 9,875 SHARES of the issuer's Common Stock.)