PENTAIR plc — Director's Dealing 2012

Nov 30, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR LTD (PNR)
CIK: 0000077360
Period of Report: 2012-11-28

Reporting Person: HOGAN RANDALL J (Director, Chairman & Chief Exec. Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-28	Common Shares	S	40000	$47.5005	Disposed	54142	Indirect
2012-11-28	Common Shares	M	295630	$22.88	Acquired	340878	Direct
2012-11-28	Common Shares	S	208130	$47.4134	Disposed	132748	Direct
2012-11-29	Common Shares	S	100	$48.464	Disposed	132648	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-28	Employee Stock Option (right to buy)	$22.88	M	295630	Disposed	2014-01-02	Common Shares (295630)	Direct

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $47.50 to $47.51. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.

F2: The price in Column 4 is a weighted average price. The prices actually received ranged from $47.40 to $47.50. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.

F3: One-third of the stock options become exercisable on the first, second, and third anniversary of the grant.