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PENTAIR plc Director's Dealing 2008

Aug 13, 2008

30329_dirs_2008-08-12_82767e85-81e3-49e3-ae4f-655735ad4767.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR INC (PNR)
CIK: 0000077360
Period of Report: 2008-08-11

Reporting Person: SCHROCK MICHAEL V (President, COO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-08-11 Common Stock M 15000 $19.8125 Acquired 184035.735 Direct
2008-08-11 Common Stock F 9753 $37.14 Disposed 174282.735 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-08-11 Employee Stock Option (right to buy) $19.8125 M 15000 Disposed 2009-01-14 Common Stock (15000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock - ESPP 4856.8 Direct
Common Stock - ESOP 1191.1139 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).

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).

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.