ECOLAB INC. — Director's Dealing 2016

Apr 5, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2016-04-04

Reporting Person: BILLER LESLIE S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-04-04	Common Stock	M	4800	$37.905	Acquired	80152.50	Direct
2016-04-04	Common Stock	F	1620	$112.255	Disposed	78532.50	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-04-04	Non-Employee Director Stock Option (Right to Buy)	$37.905	M	4800	Disposed	2016-05-12	Common Stock (4800)	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.