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HOLLAND CAPITAL MANAGEMENT LLC
> ECL
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2017 | ECOLAB INC. | ECL | 218,662 | -9,917 | 29,027,000 | 377,000 | $132.75 |
| 03/31/2017 | ECOLAB INC. | ECL | 228,579 | -23,267 | 28,650,000 | -871,000 | $125.34 |
| 12/31/2016 | ECOLAB INC. | ECL | 251,846 | -9,500 | 29,521,000 | -2,290,000 | $117.22 |
| 09/30/2016 | ECOLAB INC. | ECL | 261,346 | -24,476 | 31,811,000 | -2,087,000 | $121.72 |
| 06/30/2016 | ECOLAB INC. | ECL | 285,822 | -145,493 | 33,898,000 | -14,202,000 | $118.60 |
| 03/31/2016 | ECOLAB INC. | ECL | 431,315 | -5,993 | 48,100,000 | -1,919,000 | $111.52 |
| 12/31/2015 | ECOLAB INC. | ECL | 437,308 | 437,308 | 50,019,000 | 50,019,000 | $114.38 |
| 09/30/2015 | ECOLAB INC. | ECL | 451,488 | -148,367 | 49,537,000 | -1,565,000 | $109.72 |
| 06/30/2015 | ECOLAB INC. | ECL | 481,367 | -118,488 | 54,428,000 | 3,326,000 | $113.07 |
| 03/31/2015 | ECOLAB INC. | ECL | 506,293 | -51,999 | 57,910,000 | -6,199,000 | $114.38 |
| 12/31/2014 | ECOLAB INC. | ECL | 524,282 | -34,010 | 54,798,000 | -9,311,000 | $104.52 |
| 09/30/2014 | ECOLAB INC. | ECL | 558,292 | -41,563 | 64,109,000 | 13,007,000 | $114.83 |
| 06/30/2014 | ECOLAB INC. | ECL | 431,731 | -8,732 | 48,069,000 | 503,000 | $111.34 |
| 03/31/2014 | ECOLAB INC. | ECL | 440,463 | -159,392 | 47,566,000 | -3,536,000 | $107.99 |
| 12/31/2013 | ECOLAB INC. | ECL | 457,943 | -141,912 | 47,750,000 | -3,352,000 | $104.27 |
| 09/30/2013 | ECOLAB INC. | ECL | 454,482 | -145,373 | 44,885,000 | -6,217,000 | $98.76 |
| 06/30/2013 | ECOLAB INC. | ECL | 599,855 | 214,345 | 51,102,000 | 23,384,000 | $85.19 |
| 03/31/2013 | ECOLAB INC. | ECL | 607,080 | 221,570 | 48,676,000 | 20,958,000 | $80.18 |
| 12/31/2012 | ECOLAB INC. | ECL | 385,510 | 5,935 | 27,718,000 | 3,118,000 | $71.90 |
| 09/30/2012 | ECOLAB INC. | ECL | 379,575 | 157,500 | 24,600,000 | 9,381,000 | $64.81 |
| 06/30/2012 | ECOLAB INC. | ECL | 222,075 | 222,075 | 15,219,000 | 15,219,000 | $68.53 |
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