PENTAIR plc — Director's Dealing 2013

Feb 14, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR LTD (PNR)
CIK: 0000077360
Period of Report: 2013-02-12

Reporting Person: KOURY FREDERICK S (Sr. VP, Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-12	Common Shares	M	2185	$22.88	Acquired	48369	Direct
2013-02-12	Common Shares	M	60000	$24.78	Acquired	108369	Direct
2013-02-12	Common Shares	S	62185	$52.0182	Disposed	46184	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-12	Employee Stock Option (right to buy)	$22.88	M	2185	Disposed	2014-01-02	Common Shares (2185)	Direct
2013-02-12	Employee Stock Option (right to buy)	$24.78	M	60000	Disposed	2019-01-02	Common Shares (60000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares - ESPP	1378.549	Direct
Common Shares - Restricted Stock Units	59369	Direct
Common Shares - ESOP	635.993	Indirect

Footnotes

F1: End-of-period holdings reflect the vesting of restricted stock units that were previously reported.

F2: The price in Column 4 is a weighted average price. The prices actually received ranged from $52.00 to $52.16. 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.

F3: 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).

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