Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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. Date of Event Requiring Statement (Month/Day/Year)
02/23/2010
3. Issuer Name and Ticker or Trading Symbol
PENTAIR INC [PNR]
(Last)
(First)
(Middle)
5500 WAYZATA BLVD., SUITE 800
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr. Vice President, Secretary
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

GOLDEN VALLEY, MN 55416
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 4,451.898 (1)
D
 
Common Stock - ESOP 657.0985
I
By ESOP
Common Stock - Restricted Stock Units 1,986 (2)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) 03/01/2006(3) 03/01/2015 Common Stock 7,863 (4) $ 41.12 D  
Employee Stock Option (right to buy) 03/01/2007(3) 03/01/2016 Common Stock 5,793 (4) $ 41.17 D  
Employee Stock Option (right to buy) 03/01/2008(3) 03/01/2017 Common Stock 6,431 (4) $ 31.56 D  
Employee Stock Option (right to buy) 03/03/2009(3) 03/03/2018 Common Stock 5,597 (4) $ 32.4 D  
Employee Stock Option (right to buy) 03/03/2010(3) 03/03/2019 Common Stock 9,629 (5) $ 19.13 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. Vice President, Secretary  

Signatures

s/ Angela D. Lageson 03/01/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) Amount of securities beneficially owned includes 4,399 restricted shares that remain subject to a vesting condition; and 52.898 shares acquired under a dividend reinvestment plan.
(2) Restricted stock units granted pursuant to and subject to a vesting condition of the Pentair, Inc. 2008 Omnibus Stock Incentive Plan, as Amended. Each restricted stock unit represents a right to receive one share of Pentair, Inc. common stock upon vesting.
(3) One-third of the stock options become exercisable on the first, second, and third anniversary of the grant.
(4) Employee stock option granted under the Pentair, Inc. Omnibus Stock Incentive Plan.
(5) Employee stock option granted under the Pentair, Inc. 2008 Omnibus Stock Incentive Plan, as Amended.

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