ECOLAB INC. — Director's Dealing 2017

Feb 28, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2017-02-24

Reporting Person: BILLER LESLIE S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-24	Common Stock	M	4300	$42.905	Acquired	73749.82	Direct
2017-02-24	Common Stock	F	1489	$123.900	Disposed	72260.82	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-24	Common Stock	$42.905	M	4300	Disposed	2017-05-04	Common Stock (4300)	Direct