1. Name and Address of Reporting Person
   Cathcart, Richard J.
   1500 County Road B2 West
   Suite 400
   St. Paul, MN 55113-3105
   USA
2. Issuer Name and Ticker or Trading Symbol
   Pentair, Inc. (PNR)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Day/Year
   01/03/2003
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   ( ) Director                   ( ) 10% Owner
   (X) Officer (give title below) ( ) Other (specify below)
   President, COO Water Tech.
7. Individual or Joint/Group Filing (Check Applicable Line)
   (X) Form filed by One Reporting Person
   ( ) Form filed by More than One Reporting Person

TABLE I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

+------------------------------+----------+----------+---------+--------------------------+--------------+-----------+------------+
|1. Title of Security          |2. Trans- |2A.Execu- |3. Trans-|4. Securities Acquired (A)|5. Amount of  |6. Owner-  |7. Nature   |
|                              |   action |   action |   action|   or Disposed of (D)     |Securities    |   ship    |   of In-   |
|                              |   Date   |   Date   |   Code  |                          |Beneficially  |   Form:   |   direct   |
|                              |          |          |         |                          |Owned         |   Direct  |   Bene-    |
|                              |  (Month/ |  (Month/ |         |                          |Following     |   (D) or  |   ficial   |
|                              |   Day/   |   Day/   +-----+---+-----------+---+----------+Reported      |   Indirect|   Owner-   |
|                              |   Year)  |   Year)  |Code |V  |Amount     |A/D|Price     |Transaction(s)|   (I)     |   ship     |
+------------------------------+----------+----------+-----+---+-----------+---+----------+--------------+-----------+------------+
                                                                                        
Common Stock                    01/02/2003            A         7000        A   $0.0000                   D
                                                      
Common Stock                    01/02/2003            F         -1600       D   $34.9400   47109.005      D
                                                      
Common Stock                                                                               756.181        I           By Children
Common Stock - ESPP                                                                        2187.257       D
Common Stock - ESOP                                                                        1642.746       I           By ESOP





TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned

+----------+--------+-------+-------+---------+-----------+---------------------+----------------+----------+-------+-------+------+
|1.        |2.      |3.     |3A.    |4.       |5.         |6.                   |7.              |8.        |9.     |10.    |11.   |
|          |        |       |       |         |           |                     |                |          |Number |Owner- |      |
|          |        |       |       |         |           |                     |                |          |of     |ship   |      |
|          |        |       |       |         |           |                     |                |          |Deriv- |Form of|      |
|          |        |       |       |         |           |                     |Title and Amount|          |ative  |Deriv- |      |
|          |        |       |       |         |           |                     |of Underlying   |          |Secur- |ative  |Nature|
|          |Conver- |Trans- |Execu- |         |Number of  |                     |Securities      |          |ities  |Secur- |of    |
|          |sion or |action |tion   |         |Derivative |Date Exercisable     +-------+--------+          |Benefi-|ity:   |In-   |
|          |Exercise|Date   |Date   |         |Securities |and Expiration Date  |       |Amount  |          |cially |Direct |direct|
|          |Price of|       |       |Transac- |Acquired(A)|(Month/Day/Year)     |       |or      |          |Owned  |(D) or |Bene- |
|Title of  |Deriv-  |(Month/|(Month/|tion Code|Disposed(D)+----------+----------+       |Number  |Price of  |       |In-    |ficial|
|Derivative|ative   | Day/  | Day/  +------+--+-----+-----+Date Exer-|Expira-   |       |of      |Derivative|       |direct |Owner-|
|Security  |Security|Year)  |Year)  |Code  |V |(A)  |(D)  |cisable   |tion Date |Title  |Shares  |Security  |       |(I)    |ship  |
+----------+--------+-------+-------+------+--+-----+-----+----------+----------+-------+--------+----------+-------+-------+------+
                                                                                
Incentive   $0       01/03/2         J           17660 01/03/2003 01/03/2003 Cash-On 176600   $0.0000    0       D
Bonus Award          003                             0                           ly
(cash-only                                                                       Right
right)
Employee    $34.94   01/02/2         A     32000       01/02/2004 01/02/2013 Common  32000    $0.0000    32000   D
Stock                003                                                     Stock
Option
(right to
buy)

Explanation of Responses:


Restricted stock granted pursuant to the Pentair, Inc. Omnibus Stock Incentive
Plan.  Shares remain subject to a vesting condition under the stock bonus plan.

Shares surrendered to pay taxes applicable to vesting of restricted stock.

Payment of vested incentive bonus award based on operating income growth and
return on invested capital averaged over the three-year vesting period.

Employee stock option granted pursuant to the Pentair, Inc. Omnibus Stock
Incentive Plan.

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



SIGNATURE OF REPORTING PERSON
/s/ Louis L. Ainsworth

DATE
01/03/2003