ECOLAB INC. — Director's Dealing 2020

Sep 11, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2020-09-09

Reporting Person: Wyant Jill S (EVP - Innovation & Transformat)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-09	Common Stock	M	13519	$137.087	Acquired	24827	Direct
2020-09-09	Common Stock	S	12619	$203.418	Disposed	12208	Direct
2020-09-09	Common Stock	S	900	$204.096	Disposed	11308	Direct
2020-09-10	Common Stock	M	300	$137.087	Acquired	11608	Direct
2020-09-10	Common Stock	M	5429	$158.515	Acquired	17037	Direct
2020-09-10	Common Stock	S	4306	$203.862	Disposed	12731	Direct
2020-09-10	Common Stock	S	1423	$204.65	Disposed	11308	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-09	Employee Stock Option (Right to Buy)	$137.087	M	13519	Disposed	2027-12-06	Common Stock (13519)	Direct
2020-09-10	Employee Stock Option (Right to Buy)	$137.087	M	300	Disposed	2027-12-06	Common Stock (300)	Direct
2020-09-10	Employee Stock Option (Right to Buy)	$158.515	M	5429	Disposed	2028-12-04	Common Stock (5429)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $203.00 to $203.99, 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: This transaction was executed in multiple trades at prices ranging from $204.09 to $204.10, 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.

F3: This transaction was executed in multiple trades at prices ranging from $203.372 to $204.36, 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.

F4: This transaction was executed in multiple trades at prices ranging from $204.48 to $204.92, 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.

F5: 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 shares on the third anniversary of the date of grant. The date listed in the "Date Exercisable" column represents the first anniversary of the date of grant.