ECOLAB INC. — Director's Dealing 2018

Feb 23, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2018-02-21

Reporting Person: SCHMECHEL DANIEL J (CFO and Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-21	Common Stock	A	7178	—	Acquired	145183.806	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2844.806	Indirect

Footnotes

F1: The total includes 1.259 shares acquired by the reporting person on January 16, 2018, by dividend reinvestment under the Dividend Reinvestment Plan for shareholders of Ecolab sponsored by Computershare Trust Company, N.A.

F2: Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of January 31, 2018. Includes 8.36 UNITS acquired since the reporting person's last report.(The 2,844.806 UNITS are the equivalent of approximately 5,230 SHARES of the issuer's Common Stock.)