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PENTAIR plc — Director's Dealing 2011
Jan 6, 2011
30329_dirs_2011-01-05_2d630172-66f1-4703-abbc-eec7aec33daf.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: SCHROCK MICHAEL V (President, COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-01-03 | Common Stock - Restricted Stock Units | A | 20542 | $0.00 | Acquired | 81933 | Direct |
| 2011-01-03 | Common Stock | F | 6497 | $36.98 | Disposed | 137445.624 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-01-03 | Employee Stock Option (right to buy) | $36.98 | A | 74850 | Acquired | 2021-01-03 | Common Stock (74850) | 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: Shares surrendered to pay taxes applicable to vesting of restricted stock.
F3: Employee 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.