Ecolab Inc.
ECOLAB INC (Form: 3, Received: 01/30/2012 17:52:09)
FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Mulhere Timothy P

2. Date of Event Requiring Statement (MM/DD/YYYY)
1/20/2012 

3. Issuer Name and Ticker or Trading Symbol

ECOLAB INC [ECL]

(Last)        (First)        (Middle)

ECOLAB INC., 370 WABASHA STREET NORTH

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
EVP & Pres. Gobal Healthcare /

(Street)

ST. PAUL, MN 55102       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock   1508   D    
Common Stock   1599.490   (1) I   By Ecolab Savings Plan  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Units     (2)   (2) Common Stock   (2) 347.686     (2) D    
Employee Stock Option (Right to Buy)   12/11/2004   (3) 12/11/2013   Common Stock   20000   $27.39   D    
Employee Stock Option (Right to Buy)   12/9/2005   (4) 12/9/2014   Common Stock   16600   $34.50   D    
Employee Stock Option (Right to Buy)   12/7/2006   (5) 12/7/2015   Common Stock   17200   $34.075   D    
Employee Stock Option (Right to Buy)   12/6/2007   (6) 12/6/2016   Common Stock   12500   $45.24   D    
Employee Stock Option (Right to Buy)   12/5/2008   (7) 12/5/2017   Common Stock   13600   $49.42   D    
Employee Stock Option (Right to Buy)   12/3/2009   (8) 12/3/2018   Common Stock   21100   $35.63   D    
Employee Stock Option (Right to Buy)   12/2/2010   (9) 12/2/2019   Common Stock   9800   $45.665   D    
Employee Stock Option (Right to Buy)   12/1/2011   (10) 12/1/2020   Common Stock   11600   $48.055   D    
Employee Stock Option (Right to Buy)   12/1/2012   (11) 12/1/2021   Common Stock   12500   $55.595   D    

Explanation of Responses:
( 1)  Number of UNITS in the Ecolab Stock Fund of the Ecolab Savings Plan (401(k) Plan) as of December 31, 2011. (The 1599.490 UNITS are the equivalent of approximately 2,976 shares of the issuer's Common Stock.)
( 2)  The phantom stock units represent employer-matching contributions and dividends thereon accrued under the Ecolab Mirror Savings Plan and are to be settled in cash, on a 1-for-1 basis, upon termination of the reporting person's employment. (The 347.686 UNITS are the equivalent of approximately 647 shares of the issuer's Common Stock.)
( 3)  Option granted under the Ecolab Inc. 2002 Stock Incentive Plan on December 11, 2003. 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 option shares on the third anniversary of the date of grant.
( 4)  Option granted under the Ecolab Inc. 2002 Stock Incentive Plan on December 9, 2004. 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 option shares on the third anniversary of the date of grant.
( 5)  Option granted under the Ecolab Inc. 2002 Stock Incentive Plan on December 7, 2005. 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 option shares on the third anniversary of the date of grant.
( 6)  Option granted under the Ecolab Inc. 2005 Stock Incentive Plan on December 6, 2006. 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 option shares on the third anniversary of the date of grant.
( 7)  Option granted under the Ecolab Inc. 2005 Stock Incentive Plan on December 5, 2007. 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 option shares on the third anniversary of the date of grant.
( 8)  Option granted under the Ecolab Inc. 2005 Stock Incentive Plan on December 3, 2008. 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 option shares on the third anniversary of the date of grant.
( 9)  Option granted under the Ecolab Inc. 2005 Stock Incentive Plan on December 2, 2009. The option will become 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 option shares on the third anniversary of the date of grant.
( 10)  Option granted under the Ecolab Inc. 2010 Stock Incentive Plan on December 1, 2010. The option will become 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 option shares on the third anniversary of the date of grant.
( 11)  Option granted under the Ecolab Inc. 2010 Stock Incentive Plan on December 1, 2011. The option will become 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 option shares on the third anniversary of the date of grant.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Mulhere Timothy P
ECOLAB INC.
370 WABASHA STREET NORTH
ST. PAUL, MN 55102


EVP & Pres. Gobal Healthcare

Signatures
David F. Duvick, as Attorney-in-Fact for Timothy P. Mulhere 1/30/2012
** Signature of Reporting Person Date


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