ECOLAB INC. — Director's Dealing 2018

Aug 10, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2018-08-09

Reporting Person: REICH VICTORIA (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-09	Common Stock	M	2200	$47.475	Acquired	20986.79	Direct
2018-08-09	Common Stock	M	4500	$47.475	Acquired	25486.79	Direct
2018-08-09	Common Stock	S	6700	$148.395	Disposed	18786.79	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-09	Stock Option (Right to Buy)	$47.475	M	2200	Disposed	2020-05-06	Common Stock (2200)	Direct
2018-08-09	Stock Option (Right to Buy)	$47.475	M	4500	Disposed	2020-05-06	Common Stock (4500)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $148.08 to $148.74, inclusive. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F2: The option was granted on May 6, 2010. It became exercisable, on a cumulative basis, as to 25% of the option shares (excluding any fractional portion less than one share), on the last day of each of the first, second and third three-month periods following its date of grant and as to the remaining shares on the last day of the fourth three-month period following its date of grant.