PENTAIR plc — Director's Dealing 2013

Aug 2, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR LTD (PNR)
CIK: 0000077360
Period of Report: 2013-07-31

Reporting Person: SCHROCK MICHAEL V (President, COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-07-31	Common Shares	M	60000	$40.95	Acquired	142643	Direct
2013-07-31	Common Shares	M	68000	$34.28	Acquired	210643	Direct
2013-07-31	Common Shares	M	110000	$30.05	Acquired	320643	Direct
2013-07-31	Common Shares	S	229314	$61.3262	Disposed	91329	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-07-31	Employee Stock Option (right to buy)	$40.95	M	60000	Disposed	2015-01-06	Common Shares (60000)	Direct
2013-07-31	Employee Stock Option (right to buy)	$34.28	M	68000	Disposed	2016-01-03	Common Shares (68000)	Direct
2013-07-31	Employee Stock Option (right to buy)	$30.05	M	110000	Disposed	2017-01-03	Common Shares (110000)	Direct

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $61.015 to $61.595. 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: One-third of the stock options become exercisable on the first, second, and third anniversary of the grant.

F3: Reload stock option becomes exercisable upon grant and expires on the same date as the original option grant.