ECOLAB INC. — Director's Dealing 2018

Jan 26, 2018

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2017-12-31

Reporting Person: BAKER DOUGLAS M JR (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-12-08	Common Stock	G	18000	—	Disposed	445447	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14385	Indirect
Common Stock	72500	Indirect
Common Stock	5519.920	Indirect

Footnotes

F1: Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of December 31, 2017. (The 5,519.92 UNITS are the equivalent of approximately 10,151 SHARES of the issuer's Common Stock.)