PENTAIR plc — Director's Dealing 2014

Feb 4, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR LTD (PNR)
CIK: 0000077360
Period of Report: 2014-01-30

Reporting Person: MERRIMAN RONALD (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-30	Common Shares	M	10000	$40.42	Acquired	22930	Direct
2014-01-30	Common Shares	M	10000	$38.88	Acquired	32930	Direct
2014-01-30	Common Shares	S	20000	$74.6765	Disposed	12930	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-30	Nonqualified Stock Option (right to buy)	$40.42	M	10000	Disposed	2015-02-23	Common Shares (10000)	Direct
2014-01-30	Nonqualified Stock Option (right to buy)	$38.88	M	10000	Disposed	2016-02-21	Common Shares (10000)	Direct

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $74.64 to $74.78. 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: Options are vested and exercisable.