PENTAIR plc — Director's Dealing 2015

May 22, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR plc (PNR)
CIK: 0000077360
Period of Report: 2015-05-21

Reporting Person: Maskara Alok (President Technical Solutions)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-21	Common Shares	M	9000	$38.63	Acquired	9555	Direct
2015-05-21	Common Shares	S	6610	$65.60	Disposed	2945	Direct
2015-05-21	Common Shares	M	3000	$36.53	Acquired	5945	Direct
2015-05-21	Common Shares	S	2140	$65.60	Disposed	3805	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-21	Employee Stock Option (right to buy)	$38.63	M	9000	Disposed	2022-03-01	Common Shares (9000)	Direct
2015-05-21	Employee Stock Option (right to buy)	$36.53	M	3000	Disposed	2021-03-02	Common Shares (3000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares - ESPP	64.536	Direct
Common Shares - ESOP	437.2712	Indirect
Common Shares - Deferral Plan	59.285	Indirect

Footnotes

F1: End-of-period holdings include monthly purchase(s) under the Pentair Ltd. Employee Stock Purchase and Bonus Plan (ESPP) in exempt transaction(s) pursuant to Rule 16b-3(c); and shares acquired pursuant to a dividend reinvestment feature of the ESPP.

F2: 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).

F3: Shares of Pentair Ltd. common shares will be delivered to the reporting person in accordance with their irrevocable deferral election.

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