ECOLAB INC. — Director's Dealing 2017

Feb 24, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2017-02-22

Reporting Person: Blanco Alex N (EVP and Chief Supply Chain Off)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-22	Common Stock	A	493	$0.00	Acquired	7684	Direct
2017-02-22	Common Stock	F	192	$122.89	Disposed	7492	Direct
2017-02-22	Common Stock	A	2841	$0.00	Acquired	10333	Direct
2017-02-22	Common Stock	F	961	$122.89	Disposed	9372	Direct

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.