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PENTAIR plc — Director's Dealing 2004
May 17, 2004
30329_dirs_2004-05-17_633535a4-80f9-4a09-9840-72d47974bf27.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PENTAIR INC (PNR)
CIK: 0000077360
Period of Report: 2004-05-14
Reporting Person: WELKE KAREN E (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2004-05-14 | Phantom Stock Units - Deferred Compensation | $1 | A | 199.643 | Acquired | Common Stock (199.643) | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 5985.407 | Direct |
Footnotes
F1: End-of-period holdings include shares acquired under a dividend reinvestment plan in exempt transaction not required to be reported pursuant to Section 16(a).
F2: Phantom stock units convert into common stock on a one-for-one basis.
F3: 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.
F4: 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.
F5: Settlement of phantom stock units will be in Pentair common stock in accordance with reporting person's irrevocable election.