PENTAIR plc — Director's Dealing 2003

Nov 21, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR INC (PNR)
CIK: 0000077360
Period of Report: 2003-11-20

Reporting Person: BRYAN GLYNIS (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-20	Nonqualified Stock Option (right to buy)	$42	A	5000	Acquired	2013-11-20	Common Stock (5000)	Direct

Footnotes

F1: Non-qualified stock option granted under the Pentair, Inc. Outside Directors Non-Qualified Stock Option Plan.

F2: One-third of the stock options become exercisable on the first, second, and third anniversary of the grant.