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FLOWSERVE CORP — Director's Dealing 2004
Nov 30, 2004
30825_dirs_2004-11-29_4a6597d7-e00c-416d-af1e-950dd0679c42.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: FLOWSERVE CORP (FLS)
CIK: 0000030625
Period of Report: 2004-11-26
Reporting Person: JACKO JOHN H (VP-Strategy, Marketing & Comm.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2004-11-26 | Common Stock ($1.25 par value per share) | C | 2500 | $25.50 | Acquired | 3250 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock option (right-to-buy) | $22.90 | 2014-07-15 | Common Stock (5500) | 5500 | Direct |
| Restricted Common Stock ($1.25 par value per share) | $0 | Common Stock (3500) | 3500 | Direct | |
| Stock option (right-to-buy) | $19.15 | 2013-07-17 | Common Stock (7500) | 7500 | Direct |
| Restricted Stock Units | $0 | 2013-07-17 | Common Stock (7500) | 7500 | Direct |
| Stock option (right-to-buy) | $24.84 | 2012-07-17 | Common Stock (3000) | 3000 | Direct |
Footnotes
F1: Option shares vest in three (3) equal annual installments beginning on July 15, 2005, with the remaining thirds vesting on July 15, 2006 and July 15, 2007, respectively.
F2: The shares of Restricted Common Stock shall be valued at the fair market value upon each vesting date. A conversion or exercise price is not applicable.
F3: One-third (1/3rd) of the shares of Restricted Common Stock vests on July 15, 2005, with the remaining thirds vesting on July 15, 2006 and July 15, 2007, respectively.
F4: Vesting of the shares of Restricted Common Stock is contingent upon continued employment with the Issuer. An expiration date is not applicable.
F5: Option shares shall vest proportionately upon the reporting person purchasing additional issuer shares in the open market or within the issuer's 401(k) plan.
F6: The Restricted Stock Units shall be valued at the fair market value upon each vesting date. The Restricted Stock Units convert into cash equivalents valued at the closing price of issuer's common stock upon the respective vesting dates.
F7: 3,750 Restricted Stock Units vest on July 17, 2008 and the remaining 3,750 Restricted Stock Units vest on July 17, 2013.
F8: 2,000 option shares are fully vested and exercisable, the remaining 1,000 option shares vest on July 17, 2005.