PENTAIR plc — Director's Dealing 2011

Aug 31, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR INC (PNR)
CIK: 0000077360
Period of Report: 2011-08-29

Reporting Person: HOGAN RANDALL J (Director, Chairman, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-29	Common Stock	M	244706	$18.1485	Acquired	293986	Direct
2011-08-29	Common Stock	F	178142	$34.55	Disposed	115844	Direct
2011-08-29	Common Stock	G	66564	$0.00	Disposed	49280	Direct
2011-08-29	Common Stock	G	66564	$0.00	Acquired	371051	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-29	Employee Stock Option (right to buy)	$18.1485	M	244706	Disposed	2012-01-02	Common Stock (244706)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	151979	Indirect
Common Stock - ESOP	1586.0256	Indirect

Footnotes

F1: Since the date of the reporting person's last ownership form, 18,244 shares previously reported as indirectly beneficially owned by GRAT have been transferred and are now indirectly beneficially owned by Trust.

F2: 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).