PENTAIR plc — Director's Dealing 2013

Nov 20, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR LTD (PNR)
CIK: 0000077360
Period of Report: 2013-11-19

Reporting Person: LAGESON ANGELA D (Sr. VP, Gen. Counsel & Secy.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-11-19	Common Shares	M	3932	$41.12	Acquired	8450	Direct
2013-11-19	Common Shares	M	2897	$41.17	Acquired	11347	Direct
2013-11-19	Common Shares	M	3216	$31.56	Acquired	14563	Direct
2013-11-19	Common Shares	S	10045	$69.6636	Disposed	4518	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-11-19	Employee Stock Option (right to buy)	$41.12	M	3932	Disposed	2015-03-01	Common Shares (3932)	Direct
2013-11-19	Employee Stock Option (right to buy)	$41.17	M	2897	Disposed	2016-03-01	Common Shares (2987)	Direct
2013-11-19	Employee Stock Option (right to buy)	$31.56	M	3216	Disposed	2017-03-01	Common Shares (3216)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares - Deferral Plan	3202.611	Indirect
Common Shares - ESOP	1007.6094	Indirect

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $69.64 to $69.70. 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.

F2: Pentair common shares will be delivered to the reporting person in accordance with their irrevocable deferral election.

F3: End-of-period holdings include shares acquired under a dividend reinvestment plan in exempt transactions not required to be reported pursuant to Section 16(a).

F4: One-third of the stock options become exercisable on the first, second, and third anniversary of the grant.