PENTAIR plc — Director's Dealing 2012

Nov 26, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR LTD (PNR)
CIK: 0000077360
Period of Report: 2012-11-21

Reporting Person: BRYAN GLYNIS (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-21	Common Shares	M	10000	$21	Acquired	24505	Direct
2012-11-21	Common Shares	M	10000	$26.45	Acquired	34505	Direct
2012-11-21	Common Shares	S	20000	$46	Disposed	14505	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-21	Nonqualified Stock Option (right to buy)	$21	M	10000	Disposed	2013-11-20	Common Shares (10000)	Direct
2012-11-21	Nonqualified Stock Option (right to buy)	$26.45	M	10000	Disposed	2014-02-25	Common Shares (10000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock Units (Deferred Compensation)	$		Common Shares (4592.885)	4592.885	Indirect

Footnotes

F1: All options are vested and exercisable.

F2: Phantom stock units convert into common shares on a one-for-one basis.

F3: Settlement of phantom stock units will be in Pentair common shares in accordance with reporting person's irrevocable election.

F4: 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).