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PENTAIR plc Director's Dealing 2012

Oct 19, 2012

30329_dirs_2012-10-18_2c032311-deb3-4cd4-9803-f25ff107f520.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR LTD (PNR)
CIK: 0000077360
Period of Report: 2012-10-16

Reporting Person: MERRIMAN RONALD (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-10-16 Common Shares M 753 Acquired 3477 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-10-16 Phantom Stock Units (Deferred Compensation) $ M 753.046 Disposed Common Shares (753.046) Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Shares - Deferral Plan 1170.225 Indirect

Footnotes

F1: Fractional shares were sold upon the settlement of units.

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

F3: Includes 944 shares that were distributed in settlement of deferred share units.

F4: Pentair common shares will be delivered to the reporting person in accordance with their irrevocable deferral election.

F5: Represents phantom stock units credited under a deferred compensation plan for non-employee directors over which the reporting person has no current dispositive or voting power.

F6: A portion of the phantom stock units were settled in Pentair common shares on October 16, 2012. Settlement of the remaining phantom stock units will be in Pentair common shares in accordance with reporting person's irrevocable election.