Sec Form 4 Filing - Sarcevic Ademir @ PENTAIR plc - 2019-01-02

Insider filing report for Changes in Beneficial Ownership
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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
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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1. Name and Address of Reporting Person
Sarcevic Ademir
2. Issuer Name and Ticker or Trading Symbol
PENTAIR plc [ PNR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP & Chief Accounting Officer
(Last) (First) (Middle)
5500 WAYZATA BLVD., SUITE 800
3. Date of Earliest Transaction (MM/DD/YY)
01/02/2019
(Street)
GOLDEN VALLEY, MN55416
4. If Amendment, Date Original Filed (MM/DD/YY)
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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 Shares - Restricted Stock Units 01/02/2019 A( 1 ) 1,754 A $ 0 8,791.145 ( 2 ) ( 3 ) D
Common Shares 01/02/2019 F( 4 ) 733 D $ 37.77 1,287 ( 2 ) D
Common Shares 01/03/2019 S( 5 ) 1,287 D $ 37.61 0 D
Common Shares 226.504 ( 6 ) ( 3 ) I By ESOP
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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 Option (right to buy) $ 37.77 01/02/2019 A( 7 ) 7,732 ( 8 ) 01/02/2029 Common Shares 7,732 $ 0 7,732 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Sarcevic Ademir
5500 WAYZATA BLVD., SUITE 800
GOLDEN VALLEY, MN55416
SVP & Chief Accounting Officer
Signatures
/s/ John K. Wilson, Attorney-in-Fact for Ademir Sarcevic 01/04/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Restricted stock units granted pursuant to and subject to a vesting condition of the Pentair plc 2012 Stock and Incentive Plan. Each restricted stock unit represents a right to receive one Pentair plc share upon vesting.
( 2 )End-of-period holdings reflect the vesting of restricted stock units that were previously reported.
( 3 )End-of-period holdings include shares acquired under a dividend reinvestment plan in exempt transaction not required to be reported pursuant to Section 16(a).
( 4 )Shares surrendered to pay taxes applicable to vesting of restricted stock units.
( 5 )The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 29, 2018.
( 6 )Since the date of the reporting person's last ownership report, the reporting person transferred 232.7157 common shares held by the ESOP to his ex-spouse pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his ex-spouse.
( 7 )Employee stock option granted under the Pentair plc 2012 Stock and Incentive Plan.
( 8 )One-third of the stock options become exercisable on the first, second and third anniversary of the grant.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).

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