ECOLAB INC. — Director's Dealing 2020

Jun 9, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ECOLAB INC. (ECL)
CIK: 0000031462
Period of Report: 2020-06-03

Reporting Person: Simermeyer Elizabeth A (EVP & Pres - HC & Life Sci)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-03	Common Stock	S	12	—	Disposed	8342	Direct

Footnotes

F1: The foregoing transaction relates to the reporting person's participation in an exchange offer whereby Ecolab Inc. ("Ecolab") offered to its stockholders the ability to exchange all or a portion of their shares of Ecolab common stock for shares of ChampionX Holding Inc. ("ChampionX") common stock, which shares were immediately exchanged for Apergy Corporation ("Apergy") common stock in connection with the merger of ChampionX with a merger subsidiary of Apergy, with ChampionX surviving the merger as a wholly-owned subsidiary of Apergy. Pursuant to the terms of the exchange offer, the reporting person received 24.6667 shares of ChampionX common stock for each share of Ecolab common stock accepted in the exchange offer.

F2: The amount represents the number of shares of Ecolab common stock that the reporting person elected to exchange multiplied by the final proration factor of 4.7060%.