XNYS:PLL Pall Corporation Insider Activity 4 Filing - 9/17/2012

Effective Date 9/17/2012

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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 *
MCDERMOTT LISA
  2. Issuer Name and Ticker or Trading Symbol
PALL CORP [PLL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CFO & Treasurer
(Last)
(First)
(Middle)
25 HARBOR PARK DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
09/17/2012
(Street)

PORT WASHINGTON, NY 11050
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 Stock 09/17/2012   M   7,000 A $35.75 35,209.586 D  
Common Stock 09/17/2012   S   7,000 D $63.594(1) 28,209.586 D  
Common Stock 09/17/2012   M   21,312 A $35.75 49,521.586 D  
Common Stock 09/17/2012   S   21,312 D $63.251(2) 28,209.586 D  
Common Stock 09/17/2012   M   24,612 A $26.16 52,821.586 D  
Common Stock 09/17/2012   S   24,612 D $63.251(3) 28,209.586 D  

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 Options (Rights to Buy) $26.16 09/17/2012   M     24,612   (4) 01/21/2016 Common Stock 24,612 $ 0 40,936 D  
Employee Stock Options (Rights to Buy) $35.75 09/17/2012   M     7,000   (4) 04/02/2015 Common Stock 7,000 $ 0 21,312 D  
Employee Stock Options (Rights to Buy) $35.75 09/17/2012   M     21,312   (4) 04/02/2015 Common Stock 21,312 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MCDERMOTT LISA
25 HARBOR PARK DRIVE
PORT WASHINGTON, NY 11050
      CFO & Treasurer  

Signatures

 /s/ Cherita Thomas as Attorney-in-Fact for Lisa McDermott   09/19/2012
** 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) This transaction was executed in multiple trades at prices ranging from $63.50 - $63.77. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, Pall Corporation or a shareholder of Pall Corporationm full information regarding the numbers of shares and prices at which the transaction was affected.
(2) This transaction was executed in multiple trades at prices ranging from $63.25 - $63.32. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, Pall Corporation or a shareholder of Pall Corporationm full information regarding the numbers of shares and prices at which the transaction was affected.
(3) This transaction was executed in multiple trades at prices ranging from $63.25 -$63.29. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, Pall Corporation or a shareholder of Pall Corporationm full information regarding the numbers of shares and prices at which the transaction was affected.
(4) The stock option grant has a graded vesting schedule. The Date Exercisable varied for each vesting tranche.

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XNYS:PLL Pall Corporation Insider Activity 4 Filling

Pall Corporation XNYS:PLL Stock - Get Insider Activity SEC Filing of Pall Corporation XNYS:PLL stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

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XNYS:PLL Pall Corporation Insider Activity 4 Filing - 9/17/2012
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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