PENTAIR plc — Director's Dealing 2006

Mar 6, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR INC (PNR)
CIK: 0000077360
Period of Report: 2006-03-03

Reporting Person: MEOZZI AUGUSTO (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-03	Common Stock	M	11766	$19.5391	Acquired	17279	Direct
2006-03-03	Common Stock	F	7388	$41.69	Disposed	9891	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-03-03	Nonqualified Stock Option (right to buy)	$19.5391	M	11766	Disposed	2012-02-27	Common Stock (11766)	Direct
2006-03-03	Nonqualified Stock Option (right to buy)	$41.69	A	5513	Acquired	2012-02-27	Common Stock (5513)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	400	Indirect

Footnotes

F2: Reload stock option becomes exercisable upon grant and expires on the same date as the original option grant.

F1: Non-qualified reload stock option granted under the Pentair, Inc. Outside Directors Non-Qualified Stock Option Plan.