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PENTAIR plc Director's Dealing 2008

Jan 5, 2008

30329_dirs_2008-01-04_6d3bf095-65cb-4ff0-a36f-ce2cf6b66806.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: 2008-01-02

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-01-02 Common Stock A 2500 Acquired 37261 Direct
2008-01-02 Common Stock F 513 $34.18 Disposed 36748 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-01-02 Employee Stock Option (right to buy) $34.18 A 18000 Acquired 2018-01-02 Common Stock (18000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 1887.183 Indirect
Common Stock - ESOP 9311.9226 Indirect

Footnotes

F2: Shares surrendered to pay taxes applicable to vesting of restricted stock.

F4: 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.

F3: 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).

F5: One-third of the stock options become exercisable on the first, second, and third anniversary of the grant.