PENTAIR plc — Director's Dealing 2005

Nov 22, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR INC (PNR)
CIK: 0000077360
Period of Report: 2005-11-18

Reporting Person: AINSWORTH LOUIS L (Sr. Vice President, Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-11-18	Common Stock	M	20000	$18.1485	Acquired	129680.728	Direct
2005-11-18	Common Stock	F	14100	$37.4	Disposed	115580.728	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-11-18	Employee Stock Option (right to buy)	$18.1485	M	20000	Disposed	2012-01-02	Common Stock (20000)	Direct
2005-11-18	Employee Stock Option (right to buy)	$37.4	A	9705	Acquired	2012-01-02	Common Stock (9705)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3010.81	Indirect

Footnotes

F3: Reload stock option becomes exercisable upon grant and expires on the same date as the original option grant.

F2: Employee reload stock option granted pursuant to the Pentair, Inc. Omnibus Stock Incentive Plan.

F1: On May 17, 2004, Pentair declared a 2-for-1 stock split in the form of a 100 percent stock dividend payable on June 8, 2004, to shareholders of record as of June 1, 2004. This previously reported stock option and exercise price have been adjusted to reflect the stock split.