ECOLAB INC. — Director's Dealing 2018

Mar 13, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2018-03-09

Reporting Person: Berger Larry L (EVP & CTO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-09	Common Stock	F	840	$131.18	Disposed	34962	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	70.061	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 February 28, 2018. (The 70.061 UNITS are the equivalent of approximately 129 SHARES of the issuer's Common Stock.)