PENTAIR plc — Director's Dealing 2007

Mar 6, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR INC (PNR)
CIK: 0000077360
Period of Report: 2007-03-01

Reporting Person: Meyer Michael G (Vice President, Treasury/Tax)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-01	Common Stock	A	2000	—	Acquired	35011	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-01	Employee Stock Option (right to buy)	$31.56	A	13530	Acquired	2017-03-01	Common Stock (13530)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1863.525	Indirect
Common Stock - ESOP	9135.8277	Indirect

Footnotes

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

F1: Restricted stock granted pursuant to the Pentair, Inc. Omnibus Stock Incentive Plan. Shares remain subject to a vesting condition under the stock incentive plan.

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).

F4: One-third of the stock options become exercisable on the first, second, and third anniversary of the grant.