PENTAIR plc — Director's Dealing 2012

Nov 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR LTD (PNR)
CIK: 0000077360
Period of Report: 2012-11-01

Reporting Person: HAGGERTY CHARLES A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-01	Common Shares	G	15201	—	Disposed	20936	Direct
2012-11-01	Common Shares	G	15201	—	Acquired	88944	Indirect
2012-11-06	Common Shares	G	2936	—	Disposed	18000	Direct
2012-11-06	Common Shares	G	2936	—	Acquired	91880	Indirect
2012-11-09	Common Shares	M	1514	$39.01	Acquired	19514	Direct
2012-11-09	Common Shares	S	1315	$45.00	Disposed	18199	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-09	Nonqualified Stock Option (right to buy)	$39.01	M	1514	Disposed	2013-02-25	Common Shares (1514)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock Units (Deferred Compensation)	$		Common Shares (45503.904)	45503.904	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 the remaining 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).