PENTAIR plc — Director's Dealing 2007

Aug 7, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR INC (PNR)
CIK: 0000077360
Period of Report: 2007-08-02

Reporting Person: SCHROCK MICHAEL V (President, COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-08-02	Common Stock	M	21334	$17.47	Acquired	163655.581	Direct
2007-08-02	Common Stock	M	13000	$21.9688	Acquired	176655.581	Direct
2007-08-02	Common Stock	F	20526	$37.74	Disposed	156129.581	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-08-02	Employee Stock Option (right to buy)	$17.47	M	21334	Disposed	2013-01-02	Common Stock (21334)	Direct
2007-08-02	Employee Stock Option (right to buy)	$21.9688	M	13000	Disposed	2008-04-06	Common Stock (13000)	Direct
2007-08-02	Employee Stock Option (right to buy)	$37.74	A	9874	Acquired	2013-01-02	Common Stock (9874)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock - ESPP	4394.191	Direct
Common Stock - ESOP	1068.78	Indirect

Footnotes

F3: End-of-period holdings include ESOP allocation and shares acquired under a dividend reinvestment plan in exempt transactions not required to be reported pursuant to Section 16(a).

F5: Reload stock option becomes exercisable upon grant and expires on the same date as the original option grant.

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).

F4: Employee reload stock option granted pursuant to the Pentair, Inc. Omnibus Stock Incentive Plan.

F2: End-of-period holdings include monthly purchase(s), since the reporting person's last filed Form, under the Pentair, Inc. Employee Stock Purchase and Bonus Plan (ESPP) in exempt transaction(s) pursuant to Rule 16b-3(c); and shares acquired pursuant to a dividend reinvestment feature of the ESPP.