PENTAIR plc — Director's Dealing 2013

Jan 5, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR LTD (PNR)
CIK: 0000077360
Period of Report: 2013-01-02

Reporting Person: GLENN T MICHAEL (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-01-02	Common Shares - Restricted Stock Units	A	1027	—	Acquired	1027	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-01-02	Nonqualified Stock Option (right to buy)	$50.61	A	3963	Acquired	2023-01-02	Common Shares (3963)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock Units (Deferred Compensation)	$		Common Shares (936.893)	936.893	Indirect

Footnotes

F1: Restricted stock units granted pursuant to and subject to a vesting condition of the Pentair Ltd. 2012 Stock and Incentive Plan. Each restricted stock unit represents a right to receive one share of Pentair Ltd. common shares upon vesting.

F2: Nonqualified stock option granted under the Pentair Ltd. 2012 Stock and Incentive Plan.

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

F4: Phantom stock units convert into common shares on a one-for-one basis.

F5: Settlement of phantom stock units will be in Pentair common shares in accordance with reporting person's irrevocable election.

F6: 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).