PENTAIR plc — Director's Dealing 2006

Sep 29, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR INC (PNR)
CIK: 0000077360
Period of Report: 2006-09-28

Reporting Person: HAGGERTY CHARLES A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-09-28	Common Stock	M	5244.179	—	Acquired	23244	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-09-28	Phantom Stock Units - Deferred Compensation	$1	M	5244.179	Disposed		Common Stock (5244.179)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1170	Indirect
Common Stock	51177	Indirect

Footnotes

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

F2: Phantom stock units convert into common stock on a one-for-one basis.

F1: Upon exercise of phantom stock units, underlying securities held directly by reporting person. End-of-period holdings include automatic cash-out of fractional share interests pursuant to the terms of a dividend reinvestment plan.