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: Mulhere Timothy P (EVP & Regions President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-24	Common Stock	A	5030	—	Acquired	18077.393	Direct
2016-02-24	Common Stock	F	1590	$100.465	Disposed	16487.393	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1753.802	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, 2016. Includes 8.235 UNITS acquired since the reporting person's last report. (The 1,753.802 UNITS are the equivalent of approximately 3,239 SHARES of the issuer's Common Stock.)