PENTAIR INC 4
4 · PENTAIR INC · Filed May 2, 2005
Insider Transaction Report
Form 4
PENTAIR INCPNR
MAITLAND STUART
Director
Transactions
- Exercise/Conversion
Phantom Stock Units - Deferred Compensation
2005-04-29−4,961.099→ 65.655 total(indirect: By Plan Agent)Exercise: $1.00→ Common Stock (4,961.099 underlying) - Exercise/Conversion
Common Stock
2005-04-29+4,961→ 11,961 total - Exercise/Conversion
Common Stock
2005-04-29+11,290→ 23,251 total - Exercise/Conversion
Phantom Stock Units - Equity Compensation
2005-04-29−11,290.11→ 0 total(indirect: By Plan Agent)Exercise: $1.00→ Common Stock (11,290.11 underlying)
Holdings
- 9,600(indirect: By Trust)
Common Stock
- 400(indirect: By Spouse)
Common Stock
Footnotes (4)
- [F1]Upon exercise of phantom stock units, underlying securities held directly by reporting person. End-of-period holdings include automatic cash-out of fractional share interests pursuant to the terms of a dividend reinvestment plan.
- [F2]Phantom stock units became exercisable on April 29, 2005, in accordance with reporting person's irrevocable election, and convert into common stock on a one-for-one basis.
- [F3]On May 17, 2004, Pentair declared a 2-for-1 stock split in the form of a 100 percent stock dividend payable on June 8, 2004, to shareholders of record as of June 1, 2004. This previously reported derivative security has been adjusted to reflect the stock split.
- [F4]Includes shares acquired under a dividend reinvestment plan in exempt transaction not required to be reported pursuant to Section 16(a).