ECOLAB INC. — Director's Dealing 2017

Jul 6, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2017-06-30

Reporting Person: MacLennan David (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-06-27	Common Stock	G	750	—	Disposed	1126.24	Direct
2017-06-27	Common Stock	G	750	—	Acquired	1550	Indirect
2017-06-30	Common Stock	A	188.65	—	Acquired	1317.63	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	435	Indirect
Common Stock	4500	Indirect

Footnotes

F1: On June 27, 2017, 750 shares of Ecolab common stock that were previously reported as being held by the David W. MacLennan 2015 GRAT were distributed by the GRAT to the reporting person in the form of an annuity payment and were then gifted on June 27, 2017 by the reporting person to the Kathleen MacLennan Revocable Trust u/a dated 11/07/2002.

F2: Includes 2.74 shares acquired under a dividend reinvestment feature of the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan.