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ECOLAB INC. Director's Dealing 2018

May 14, 2018

29912_dirs_2018-05-14_3d60a11f-3cf3-4fbf-b4e8-a10fbb802bc0.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2018-05-03

Reporting Person: Busch Angela M (SVP - Corporate Development)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 17970 Direct
Common Stock 1284.986 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option (Right to Buy) $35.63 2018-12-03 Common Stock (6000) Direct
Employee Stock Option (Right to Buy) $48.055 2020-12-01 Common Stock (9600) Direct
Employee Stock Option (Right to Buy) $55.595 2021-12-01 Common Stock (13400) Direct
Employee Stock Option (Right to Buy) $71.540 2022-12-05 Common Stock (9800) Direct
Employee Stock Option (Right to Buy) $103.265 2023-12-04 Common Stock (6460) Direct
Employee Stock Option (Right to Buy) $107.685 2024-12-03 Common Stock (6118) Direct
Employee Stock Option (Right to Buy) $119.120 2025-12-02 Common Stock (7690) Direct
Employee Stock Option (Right to Buy) $117.730 2026-12-07 Common Stock (7944) Direct
Employee Stock Option (Right to Buy) $137.087 2027-12-06 Common Stock (6910) Direct

Footnotes

F1: Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of April 30, 2018. (The 1,284.986 UNITS are the equivalent of approximately 2,361 SHARES of the issuer's Common Stock.)

F2: Option granted under the Ecolab Inc. 2005 Stock Incentive Plan. The option became exercisable, on a cumulative basis, as to one-third of the option shares (excluding any fractional portion less than one share), on each of the first and second anniversaries of the date of grant and as to the remaining option shares on the third anniversary of the date of grant. The date listed is the first anniversary of the date of grant.

F3: Option granted under the Ecolab Inc. 2010 Stock Incentive Plan. The option became or becomes exercisable, on a cumulative basis, as to one-third of the option shares (excluding any fractional portion less than one share), on each of the first and second anniversaries of the date of grant and as to the remaining option shares on the third anniversary of the date of grant. The date listed is the first anniversary of the date of grant.