PENTAIR plc — Director's Dealing 2013

May 23, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR LTD (PNR)
CIK: 0000077360
Period of Report: 2013-03-19

Reporting Person: HOGAN RANDALL J (Director, Chairman, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-19	Common Stock	G	22580	—	Disposed	29602	Direct
2013-03-19	Common Stock	G	22580	—	Acquired	179768	Indirect
2013-05-21	Common Stock	M	106186	$40.95	Acquired	135788	Direct
2013-05-21	Common Stock	S	106186	$58.1056	Disposed	29602	Direct
2013-05-22	Common Stock	M	43814	$40.95	Acquired	73416	Direct
2013-05-22	Common Stock	S	43814	$58.00	Disposed	29602	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-21	Employee Stock Option (right to buy)	$40.95	M	106186	Disposed	2015-01-06	Common Shares (106186)	Direct
2013-05-22	Employee Stock Option (right to buy)	$40.95	M	43814	Disposed	2015-01-06	Common Shares (43814)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock - ESOP	1798.5141	Indirect

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $58.00 to $58.41. 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: 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).

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