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PENTAIR plc Director's Dealing 2011

Jan 6, 2011

30329_dirs_2011-01-05_9f4b78c9-efb8-4b8b-8889-f33c6f34775c.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: 2011-01-03

Reporting Person: Abi-Karam Leslie (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-01-03 Common Stock - Restricted Stock Units A 1164 $0.00 Acquired 2084 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-01-03 Nonqualified Stock Option (right to buy) $36.98 A 4242 Acquired 2021-01-03 Common Stock (4242) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 459 Direct

Footnotes

F1: Restricted stock units granted pursuant to and subject to a vesting condition of the Pentair, Inc. 2008 Omnibus Stock Incentive Plan, as Amended and Restated. Each restricted stock unit represents a right to receive one share of Pentair, Inc. common stock upon vesting.

F2: End-of-period holdings reflect the vesting of restricted stock units that were previously reported.

F3: Nonqualified stock option granted under the Pentair, Inc. 2008 Omnibus Stock Incentive Plan, as Amended and Restated.

F4: One-third of the stock options become exercisable on the first, second, and third anniversary of the grant.