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PENTAIR plc Director's Dealing 2008

May 13, 2008

30329_dirs_2008-05-12_5fe69934-ce6e-4a2c-b555-d73aea26d607.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: 2008-05-08

Reporting Person: MONAHAN WILLIAM T (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-05-08 Common Stock M 5469.355 Acquired 19163.928 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-05-08 Phantom Stock Units - Deferred Compensation $1 M 5469.355 Disposed Common Stock (5469.355) Indirect

Footnotes

F3: Settlement of phantom stock units in accordance with reporting person's irrevocable election.

F1: Upon settlement of phantom stock units, underlying securities held directly by reporting person.

F2: Phantom stock units convert into common stock on a one-for-one basis.