XNYS:PNR Pentair Ltd Insider Activity 4 Filing - 9/28/2012

Effective Date 9/28/2012

PNR Fair Value Estimate
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PNR Consider Buying
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PNR Consider Selling
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PNR Fair Value Uncertainty
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PNR Economic Moat
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PNR Stewardship
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
LAGESON ANGELA D
  2. Issuer Name and Ticker or Trading Symbol
PENTAIR INC [PNR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr. VP, Gen. Counsel & Secy
(Last)
(First)
(Middle)
5500 WAYZATA BLVD., SUITE 800
3. Date of Earliest Transaction (Month/Day/Year)
09/28/2012
(Street)

GOLDEN VALLEY, MN 55416
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 09/28/2012   A(1)   3,704 A (1) 3,704 D  
Common Shares - Restricted Stock Units 09/28/2012   A(1)   21,771 A (1) 21,771 D  
Common Shares - ESOP 09/28/2012   A(1)   924.0781 A (1) 924.0781 I By ESOP

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $41.12 09/28/2012   A(1)   7,863   03/01/2006(2) 03/01/2015 Common Shares 7,863 (1) 7,863 D  
Employee Stock Option (right to buy) $41.17 09/28/2012   A(1)   5,793   03/01/2007(2) 03/01/2016 Common Shares 5,793 (1) 5,793 D  
Employee Stock Option (right to buy) $31.56 09/28/2012   A(1)   6,431   03/01/2008(2) 03/01/2017 Common Shares 6,431 (1) 6,431 D  
Employee Stock Option (right to buy) $32.4 09/28/2012   A(1)   5,597   03/03/2009(2) 03/03/2018 Common Shares 5,597 (1) 5,597 D  
Employee Stock Option (right to buy) $19.13 09/28/2012   A(1)   9,629   03/03/2010(2) 03/03/2019 Common Shares 9,629 (1) 9,629 D  
Employee Stock Option (right to buy) $33.38 09/28/2012   A(1)   25,000   03/02/2011(2) 03/02/2020 Common Shares 25,000 (1) 25,000 D  
Employee Stock Option (right to buy) $36.98 09/28/2012   A(1)   23,287   01/03/2012(2) 01/03/2021 Common Shares 23,287 (1) 23,287 D  
Employee Stock Option (right to buy) $34.12 09/28/2012   A(1)   27,293   01/03/2013(2) 01/03/2022 Common Shares 27,293 (1) 27,293 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LAGESON ANGELA D
5500 WAYZATA BLVD., SUITE 800
GOLDEN VALLEY, MN 55416
      Sr. VP, Gen. Counsel & Secy  

Signatures

 /s/ John K. Wilson, Attorney-in-Fact for Angela D. Lageson   10/02/2012
** Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Common stock and derivative securities of Pentair Ltd. ("the Issuer") were acquired pursuant to the Merger Agreement, dated as of March 27, 2012, as amended, among Pentair, Inc., Tyco International Ltd., the Issuer, Panthro Acquisition Co. and Panthro Merger Sub, Inc. Upon closing of the merger, Pentair, Inc. became a wholly owned subsidiary of the Issuer, and each share of Pentair, Inc. common stock was converted into one Issuer common share. Derivative securities relating to Pentair, Inc. common stock were converted into derivative securities relating to an equal number of Issuer common shares with the same terms and conditions (including vesting schedule and exercise price, if applicable).
(2) One-third of the stock options become exercisable on the first, second, and third anniversary of the grant.
 
Remarks:
Issuer Name and Ticker Symbol:
Pentair Ltd. [PNR]

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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XNYS:PNR Pentair Ltd Insider Activity 4 Filling

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XNYS:PNR Pentair Ltd Insider Activity 4 Filing - 9/28/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity

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