ECOLAB INC. — Director's Dealing 2016

Mar 29, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2016-03-28

Reporting Person: JOHNSON JOEL W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-17	Common Stock	G	4260	—	Disposed	5302	Indirect
2016-02-17	Common Stock	G	4260	—	Acquired	70747.76	Direct
2016-02-17	Common Stock	G	4260	—	Disposed	5302	Indirect
2016-02-17	Common Stock	G	4260	—	Acquired	75007.76	Direct
2016-03-28	Common Stock	M	4800	$37.905	Acquired	79807.76	Direct
2016-03-28	Common Stock	F	1647	$110.405	Disposed	78160.76	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-28	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.