PENTAIR plc — Director's Dealing 2014

Jan 7, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR LTD (PNR)
CIK: 0000077360
Period of Report: 2014-01-02

Reporting Person: Maskara Alok (President Technical Solutions)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-02	Common Shares - Restricted Stock Units	A	2927	—	Acquired	16224	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-02	Employee Stock Option (right to buy)	$76.87	A	9817	Acquired	2024-01-02	Common Shares (9817)	Direct

Footnotes

F1: Restricted stock units granted pursuant to and subject to a vesting condition of the Pentair Ltd. 2012 Stock and Incentive Plan. Each restricted stock unit represents a right to receive one share of Pentair Ltd. common shares upon vesting.

F2: Employee stock option granted under the Pentair Ltd. 2012 Stock and Incentive Plan.

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