PENTAIR plc — Director's Dealing 2003

Jun 13, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR INC (PNR)
CIK: 0000077360
Period of Report: 2003-06-12

Reporting Person: HERNANDEZ WILLIAM H (Director)

Footnotes

F1: Represents phantom stock units credited under a deferred compensation plan for non-employee directors over which the reporting person has no current dispositive or voting power.

F2: Shares acquired under this Plan are purchased over a three-day trading period. The price shown is the average purchase price over the trading period.

F3: Settlement of phantom stock units will be in Pentair common stock in accordance with reporting person's irrevocable election.

F4: Holdings include shares acquired under the Pentair, Inc. Dividend Reinvestment Plan in exempt transaction(s) not required to be reported pursuant to Section 16(a). Reporting person also holds 500 shares directly.