PENTAIR plc — Director's Dealing 2007

Aug 24, 2007

SEC Form 4/A — Form 4/A

Issuer: PENTAIR INC (PNR)
CIK: 0000077360
Period of Report: 2007-08-03

Reporting Person: SCHROCK MICHAEL V (President, COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-08-03	Common Stock	M	21334	$17.47	Acquired	163655.581	Direct
2007-08-03	Common Stock	M	13000	$21.9688	Acquired	176655.581	Direct
2007-08-03	Common Stock	F	20889	$36.78	Disposed	155766.581	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-08-03	Employee Stock Option (right to buy)	$17.47	M	21334	Disposed	2013-01-02	Common Stock (21334)	Direct
2007-08-03	Employee Stock Option (right to buy)	$21.9688	M	13000	Disposed	2008-04-06	Common Stock (13000)	Direct
2007-08-03	Employee Stock Option (right to buy)	$36.78	A	10132	Acquired	2013-01-02	Common Stock (10132)	Direct

Footnotes

F4: Reload stock option becomes exercisable upon grant and expires on the same date as the original option grant.

F2: 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).

F3: Employee reload stock option granted pursuant to the Pentair, Inc. Omnibus Stock Incentive Plan.

F1: Correction to the transaction date previously reported, prior activity reversed to correct.