X0306 4 2012-09-28 0 0000077360 PENTAIR INC PNR 0001189049 HOGAN RANDALL J 5500 WAYZATA BLVD., SUITE 800 GOLDEN VALLEY MN 55416 1 1 0 0 Chairman & Chief Exec. Officer Common Shares 2012-09-28 4 A 0 29602 A 29602 D Common Shares 2012-09-28 4 A 0 256588 A 256588 I By Trust Common Shares 2012-09-28 4 A 0 97612 A 97612 I By GRAT Common Shares 2012-09-28 4 A 0 13442 A 13442 I By Spouse Trust Common Shares - Restricted Stock Units 2012-09-28 4 A 0 212345 A 212345 D Common Shares - Deferral Plan 2012-09-28 4 A 0 16203.423 A 16203.423 I Plan Agent Common Shares - ESOP 2012-09-28 4 A 0 1708.6967 A 1708.6967 I By ESOP Employee Stock Option (right to buy) 22.88 2012-09-28 4 A 0 295630 A 2005-01-02 2014-01-02 Common Shares 295630 295630 D Employee Stock Option (right to buy) 40.95 2012-09-28 4 A 0 275000 A 2006-01-06 2015-01-06 Common Shares 275000 275000 D Employee Stock Option (right to buy) 34.28 2012-09-28 4 A 0 200000 A 2007-01-03 2016-01-03 Common Shares 200000 200000 D Employee Stock Option (right to buy) 30.05 2012-09-28 4 A 0 319775 A 2008-01-03 2017-01-03 Common Shares 319775 319775 D Employee Stock Option (right to buy) 35.99 2012-09-28 4 A 0 58900 A 2007-11-05 2013-01-02 Common Shares 58900 58900 D Employee Stock Option (right to buy) 34.18 2012-09-28 4 A 0 333250 A 2009-01-02 2018-01-02 Common Shares 333250 333250 D Employee Stock Option (right to buy) 24.78 2012-09-28 4 A 0 309288 A 2010-01-02 2019-01-02 Common Shares 309288 309288 D Employee Stock Option (right to buy) 33.38 2012-09-28 4 A 0 362572 A 2011-01-04 2020-01-04 Common Shares 362572 362572 D Employee Stock Option (right to buy) 36.98 2012-09-28 4 A 0 171324 A 2012-01-03 2021-01-03 Common Shares 171324 171324 D Employee Stock Option (right to buy) 34.12 2012-09-28 4 A 0 193777 A 2013-01-03 2022-01-03 Common Shares 193777 193777 D 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). The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. Pentair common shares will be delivered to the reporting person in accordance with their irrevocable deferral election. One-third of the stock options become exercisable on the first, second, and third anniversary of the grant. Reload stock option becomes exercisable upon grant and expires on the same date as the original option grant. Issuer Name and Ticker Symbol: Pentair Ltd. [PNR] /s/ John K. Wilson, Attorney-in-Fact for Randall J. Hogan 2012-10-02