PENTAIR plc — Director's Dealing 2013

May 1, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR LTD (PNR)
CIK: 0000077360
Period of Report: 2013-04-29

Reporting Person: MERRIMAN RONALD (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-04-29	Common Shares	M	10000	$29.795	Acquired	22160	Direct
2013-04-29	Common Shares	S	10000	$54.05	Disposed	12160	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-04-29	Nonqualified Stock Option (right to buy)	$29.795	M	10000	Disposed	2014-04-30	Common Shares (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares - Deferral Plan	1181.277	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock Units (Deferred Compensation)	$		Common Shares (550.182)	550.182	Direct

Footnotes

F1: 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).

F2: Options are vested and exercisable.

F3: Phantom stock units convert into common shares on a one-for-one basis.

F4: Settlement of phantom stock units will be in Pentair common shares in accordance with reporting person's irrevocable election.