PENTAIR plc — Director's Dealing 2012

Nov 20, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR LTD (PNR)
CIK: 0000077360
Period of Report: 2012-11-19

Reporting Person: DAVIDSON CAROL ANTHONY (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-19	Common Shares	M	4797	$22.4498	Acquired	17620	Direct
2012-11-19	Common Shares	M	6980	$26.1269	Acquired	24600	Direct
2012-11-19	Common Shares	M	9523	$28.8674	Acquired	34123	Direct
2012-11-19	Common Shares	S	25280	$45.3469	Disposed	8843	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-19	Nonqualified Stock Option (right to buy)	$22.4498	M	4797	Disposed	2018-10-06	Common Shares (4797)	Direct
2012-11-19	Nonqualified Stock Option (right to buy)	$26.1269	M	6980	Disposed	2019-09-30	Common Shares (6980)	Direct
2012-11-19	Nonqualified Stock Option (right to buy)	$28.8674	M	9523	Disposed	2020-10-11	Common Shares (9523)	Direct

Footnotes

F1: Includes 30 shares acquired pursuant to a dividend equivalent reinvestment feature in an exempt transaction not required to be reported pursuant to Section 16(a).

F2: The price in Column 4 is a weighted average price. The prices actually received ranged from $45.31 to $45.43. 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: All options are vested and exercisable.