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: HAGGERTY CHARLES A (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 4,000 shares directly and 5,200 indirectly by Trust.