PENTAIR plc — Director's Dealing 2008

Jan 5, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR INC (PNR)
CIK: 0000077360
Period of Report: 2008-01-02

Reporting Person: MERRIMAN RONALD (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-01-02	Nonqualified Stock Option (right to buy)	$34.18	A	10000	Acquired	2018-01-02	Common Stock (10000)	Direct

Footnotes

F2: One-third of the stock options become exercisable on the first, second, and third anniversary of the grant.

F1: Non-qualified stock option granted under the Pentair, Inc. Outside Directors Non-Qualified Stock Option Plan.