ECOLAB INC

Ticker: ECL CUSIP: 278865100 Class: COM

NICHOLAS COMPANY, INC.'s Holding History (CIK: 0000903949)

Note: Option positions (PUT/CALL) are excluded.

Q4 2013

Shares 3,385 Value ($000) $352 Avg Close $90.95 Range $84.34 - $94.74

Q3 2013

Shares 82,350 Value ($000) $8,132 Avg Close $81.20 Range $74.57 - $86.97

Q2 2013

Shares 83,385 Value ($000) $7,103 Avg Close $73.48 Range $68.51 - $77.84

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	3,385	$352	$90.95	$84.34 - $94.74
Q3 2013	82,350	$8,132	$81.20	$74.57 - $86.97
Q2 2013	83,385	$7,103	$73.48	$68.51 - $77.84