ECOLAB INC. — Director's Dealing 2016

Feb 26, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2016-02-24

Reporting Person: SCHMECHEL DANIEL J (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-24	Common Stock	A	5030	—	Acquired	111999.395	Direct
2016-02-24	Common Stock	F	1700	$100.465	Disposed	110345.962	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2779.213	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: The total includes 1.327 shares acquired on January 21, 2015, 1.534 shares acquired on April 20, 2015, 1.176 shares acquired on July 20, 2015, 1.121 shares acquired on October 20, 2015, and 1.409 shares acquired on January 21, 2016 by dividend reinvestment under the Dividend Reinvestment Plan for shareholders of Ecolab sponsored by Computershare Trust Company, N.A. The total also includes 40 shares that were inadvertently omitted from the reporting person's Form 3 dated June 26, 2012 and subsequent reports.

F3: Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of January 31, 2016. Includes 9.483 UNITS acquired since the reporting person's last report. (The 2,779.213 UNITS are the equivalent of approximately 5,133 SHARES of the issuer's Common Stock.)