PENTAIR plc — Director's Dealing 2015

Jan 6, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENTAIR plc (PNR)
CIK: 0000077360
Period of Report: 2015-01-02

Reporting Person: BORIN MARK C (Chief Acctg Office-Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-02	Common Shares - Restricted Stock Units	A	3499	—	Acquired	24600	Direct
2015-01-02	Common Shares	F	105	$66.68	Disposed	14110	Direct
2015-01-03	Common Shares	F	1613	$63.96	Disposed	17059	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-01-02	Employee Stock Option (right to buy)	$66.68	A	13910	Acquired	2025-01-02	Common Shares (13910)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares - Deferral Plan	863	Indirect

Footnotes

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

F2: End-of-period holdings reflect the vesting of restricted stock units that were previously reported.

F3: Shares surrendered to pay taxes applicable to vesting of restricted stock units.

F4: Shares of Pentair plc common shares will be delivered to the reporting person in accordance with their irrevocable deferral election.

F5: Employee stock option granted under the Pentair plc 2012 Stock and Incentive Plan.

F6: One-third of the stock options become exercisable on the first, second, and third anniversary of the grant.