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: Berger Larry L (Executive VP & CTO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-22	Common Stock	A	2841	$0.00	Acquired	34099	Direct
2017-02-22	Common Stock	F	989	$122.89	Disposed	33110	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	69.269	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, 2017. Includes 0.211 UNITS acquired since the reporting person's last report. (The 69.269 UNITS are the equivalent of approximately 128 SHARES of the issuer's Common Stock.)