ECOLAB INC. — Director's Dealing 2017

Apr 4, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2017-03-31

Reporting Person: GRUNDHOFER JERRY A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-09	Common Stock	G	6045	—	Disposed	50595.92	Direct
2017-03-31	Common Stock	A	199.49	—	Acquired	50795.41	Direct
2017-03-31	Common Stock	A	249.36	$125.32	Acquired	51193.68	Direct

Footnotes

F1: Includes 148.91 shares acquired pursuant to a dividend reinvestment feature of the Ecolab Inc. 2001 Non-Employee Director Stock Option and Deferred Compensation Plan.