PENTAIR plc — Director's Dealing 2012

Oct 2, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR INC (PNR)
CIK: 0000077360
Period of Report: 2012-09-28

Reporting Person: Meyer Michael G (Vice President, Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-09-28	Common Shares	A	28899	—	Acquired	28899	Direct
2012-09-28	Common Shares	A	2103	—	Acquired	2103	Indirect
2012-09-28	Common Shares - ESPP	A	1670.953	—	Acquired	1670.953	Direct
2012-09-28	Common Shares - Restricted Stock Units	A	10380	—	Acquired	10380	Direct
2012-09-28	Common Shares - ESOP	A	10841.5196	—	Acquired	10841.5196	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-09-28	Employee Stock Option (right to buy)	$42.85	A	1565	Acquired	2013-01-02	Common Shares (1565)	Direct
2012-09-28	Employee Stock Option (right to buy)	$40.95	A	12000	Acquired	2015-01-06	Common Shares (12000)	Direct
2012-09-28	Employee Stock Option (right to buy)	$34.28	A	10000	Acquired	2016-01-03	Common Shares (10000)	Direct
2012-09-28	Employee Stock Option (right to buy)	$30.05	A	15000	Acquired	2017-01-03	Common Shares (15000)	Direct
2012-09-28	Employee Stock Option (right to buy)	$31.56	A	13530	Acquired	2017-03-01	Common Shares (13530)	Direct
2012-09-28	Employee Stock Option (right to buy)	$34.18	A	18000	Acquired	2018-01-02	Common Shares (18000)	Direct
2012-09-28	Employee Stock Option (right to buy)	$24.78	A	15000	Acquired	2019-01-02	Common Shares (15000)	Direct
2012-09-28	Employee Stock Option (right to buy)	$33.38	A	18064	Acquired	2020-01-04	Common Shares (18064)	Direct
2012-09-28	Employee Stock Option (right to buy)	$36.98	A	8317	Acquired	2021-01-03	Common Shares (8317)	Direct
2012-09-28	Employee Stock Option (right to buy)	$34.12	A	9097	Acquired	2022-01-03	Common Shares (9097)	Direct

Footnotes

F1: Common stock and derivative securities of Pentair Ltd. ("the Issuer") were acquired pursuant to the Merger Agreement, dated as of March 27, 2012, as amended, among Pentair, Inc., Tyco International Ltd., the Issuer, Panthro Acquisition Co. and Panthro Merger Sub, Inc. Upon closing of the merger, Pentair, Inc. became a wholly owned subsidiary of the Issuer, and each share of Pentair, Inc. common stock was converted into one Issuer common share. Derivative securities relating to Pentair, Inc. common stock were converted into derivative securities relating to an equal number of Issuer common shares with the same terms and conditions (including vesting schedule and exercise price, if applicable).

F2: Reload stock option becomes exercisable upon grant and expires on the same date as the original option grant.

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